Nickel up by 0.4% on global cues
Besides, rising demand at domestic spot markets supported the upside
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Taking positive cues from the overseas market, nickel futures moved up by 0.36% to Rs 833.80 per kg today.
Besides, rising demand at domestic spot markets supported the upside.
Nickel for delivery in July gained Rs 3, or 0.36%, to Rs 833.80 per kg in a business turnover of 26 lots at the Multi Commodity Exchange.
In a similar fashion, the metal for delivery in current month (June) rose Rs 2.40, or 0.29%, to Rs 826.30 per kg in 1,258 lots.
Market analysts said apart from increased domestic demand from alloy-makers, firmness in the base metals pack at London Metal Exchange, supported the upside in nickel futures here.
Besides, rising demand at domestic spot markets supported the upside.
Nickel for delivery in July gained Rs 3, or 0.36%, to Rs 833.80 per kg in a business turnover of 26 lots at the Multi Commodity Exchange.
In a similar fashion, the metal for delivery in current month (June) rose Rs 2.40, or 0.29%, to Rs 826.30 per kg in 1,258 lots.
Market analysts said apart from increased domestic demand from alloy-makers, firmness in the base metals pack at London Metal Exchange, supported the upside in nickel futures here.
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First Published: Jun 18 2015 | 11:32 AM IST