 "Nickel up by 0.3% on firm demand")
Nickel prices moved up by Rs 2 to Rs 599.40 per kg in futures market today after speculators widened positions, tracking a firming trend in spot market on increased demand from alloy-makers.
Metal's strength at the London Metal Exchange also supported the upside in nickel futures.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 2, or 0.33%, to Rs 599.40 per kg, in a business turnover of 17 lots.
In a similar manner, the metal for delivery in current month rose by Rs 1.60, or 0.27%, to Rs 593.20 per kg in 983 lots.
Market analysts said increased domestic demand from alloy-makers and a firm trend in select base metals at the LME influenced nickel futures.
