Nickel up 0.4% on firm global cues
Increased demand from alloy-makers also influenced prices
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Nickel futures for April rose by Rs 3.50, or 0.38%, to Rs 926 per kg in 169 lots.
At the Multi Commodity Exchange (MCX), the March contract traded higher by Rs 3.20, or 0.35%, to Rs 918.60 per kg in 1,603 lots.
Increased buying by speculators on pick-up in demand from alloy-maker in the spot market.
Firm domestic spot markets trend on the back of increased demand from alloy-makers also influenced prices.
At the London Metal Exchange (LME), nickel advanced 1.7% to $16,815 a tonne.
Morgan Stanley predicting increased demand in China, world's biggest user, that triggered firm overseas trend led to rise in nickel futures.
At the Multi Commodity Exchange (MCX), the March contract traded higher by Rs 3.20, or 0.35%, to Rs 918.60 per kg in 1,603 lots.
Increased buying by speculators on pick-up in demand from alloy-maker in the spot market.
Firm domestic spot markets trend on the back of increased demand from alloy-makers also influenced prices.
At the London Metal Exchange (LME), nickel advanced 1.7% to $16,815 a tonne.
Morgan Stanley predicting increased demand in China, world's biggest user, that triggered firm overseas trend led to rise in nickel futures.
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First Published: Mar 21 2013 | 2:00 PM IST