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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.
