 "Nickel up by 0.9% on global cues")
Nickel prices were up 0.91% to Rs 577.30 per kg in futures market today as speculators widened bets amid a firming trend overseas and spot demand.
Sentiments at futures market here turned better after nickel led gains in base metals at the London Metal Exchange (LME) and pick up in demand at the domestic spot markets from alloy-makers, analysts said.
In futures trading at Multi Commodity Exchange, nickel for delivery in the current month gained Rs 5.20, or 0.91%, to Rs 577.30 per kg in a business turnover of 104 lots.
The metal for delivery in February rose Rs 4.80, or 0.83%, to Rs 582.20 per kg in 21 lots.
Globally, nickel,used to produce stainless steel rose as much as 2.6% to $8,615 per tonne at the LME.
