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Nickel futures gain 0.68% on positive spot cues

Press Trust of India  |  New Delhi 

Supported by pick up in demand in the domestic spot market, prices traded higher by 0.68 per cent at Rs 900.40 per kg in futures market today as speculators built up fresh positions.

At the Multi Commodity Exchange, for delivery in February rose by Rs 6.10, or 0.68 per cent, to Rs 900.40 per kg in business turnover of 1,811 lots.

Likewise, the for delivery in March contracts was trading higher by a similar margin to Rs 904.10 per kg in 149 lots.

Analysts attributed the rise in futures to fresh positions created by traders on the back of upsurge in demand from alloy-makers in the physical market.

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

First Published: Thu, February 15 2018. 11:15 IST