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Nickel futures remain up on positive spot cues

Press Trust of India  |  New Delhi 

prices strengthened by 0.55 per cent to Rs 935.20 per kg in futures market today as speculators engaged in raising bets amid rising demand from alloy-makers in the spot market.

At the Multi Commodity Exchange, for delivery in May traded higher by Rs 5.10, or 0.55 per cent, to Rs 935.20 per kg in a business turnover of 15 lots.

Likewise, the for delivery in April was trading higher by Rs 4.80, or 0.52 per cent, to Rs 931.90 per kg in 706 lots.

Analysts said, widening of positions by participants following pick-up in demand from alloy-makers at the domestic spot markets, mainly kept prices trade higher at futures trade.

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

First Published: Tue, April 17 2018. 11:25 IST