Business Standard

Nickel futures rise on strong demand from alloy makers


Press Trust of India New Delhi
Nickel prices were up 0.82 per cent at Rs 1,191.90 per kg in futures trade on Tuesday as investors raised their bets at the spot market.
On the Multi Commodity Exchange, nickel for delivery in November surged by Rs 9.70, or 0.82 per cent, to Rs 1,191.90 per kg in a business turnover of 9,631 lots.
Similarly, delivery of nickel for December rose by Rs 9.20, or 0.78 per cent, to Rs 1,187.80 per kg in a business turnover of 72 lots.
Increase in domestic demand from alloy makers at the spot market mainly influenced nickel prices here, analysts said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 29 2019 | 2:30 PM IST

Explore News