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Nickel futures gain 0.66 pc on rising demand

Press Trust of India  |  New Delhi 

prices strengthened by 0.66 per cent to Rs 956.20 per kg in futures trade today as participants enlarged their bets amid rising demand from consuming industries at the domestic spot markets.

At the Multi Commodity Exchange, for delivery in June went up by Rs 6.30, or 0.66 per cent, to Rs 956.20 per kg, in a business turnover of three lots.

On similar lines, the for delivery in May traded higher by Rs 5.60, or 0.59 per cent, to Rs 953.10 per kg in 831 lots.

Analysts said widening of positions by participants, tracking a firm trend at the spot market on rising demand from alloy-makers, mainly led to the rise in prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 10:40 IST