Nickel up 0.2% on global cues
Marketmen said the rise in nickel prices at futures trade was mostly on the back of a firming trend in global markets
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Supported by a firming trend in the global market and increased demand from alloy-makers, nickel prices rose 0.26% to Rs 999.30 per kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, nickel for delivery in May gained by Rs 2.60, or 0.26%, to Rs 999.30 per kg, with a business turnover of 10 lots.
Similarly, the metal for delivery in April traded higher by Rs 2.30, or 0.23%, to Rs 992.60 per kg, in a turnover of 626 lots.
Marketmen said the rise in nickel prices at futures trade was mostly on the back of a firming trend in global markets on speculation that demand will improve following stronger US growth forecast by the International Monetary Fund.
At the Multi Commodity Exchange, nickel for delivery in May gained by Rs 2.60, or 0.26%, to Rs 999.30 per kg, with a business turnover of 10 lots.
Similarly, the metal for delivery in April traded higher by Rs 2.30, or 0.23%, to Rs 992.60 per kg, in a turnover of 626 lots.
Marketmen said the rise in nickel prices at futures trade was mostly on the back of a firming trend in global markets on speculation that demand will improve following stronger US growth forecast by the International Monetary Fund.
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First Published: Apr 09 2014 | 11:30 AM IST