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Nickel futures rise 0.44% as demand picks up

Press Trust of India  |  New Delhi 

prices gained 0.44 per cent to Rs 908.90 per kg in futures trade today as speculators built up positions, supported by rising demand from alloy- makers in the spot market.

At the Multi Commodity Exchange, for delivery in April moved up by Rs 4, or 0.44 per cent, to Rs 908.90 per kg, in a business turnover of 1,088 lots.

Similarly, the for delivery in May traded higher by Rs 3.20, or 0.19 per cent, to Rs 911.50 per kg in a business turnover of 19 lots.

Analysts said speculators increased positions on a firming trend at the domestic spot markets on better demand from consuming industries.

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

First Published: Mon, April 16 2018. 11:30 IST