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Nickel up on firm demand, positive global cues

Press Trust of India  |  New Delhi 

prices moved up by Rs 6.70 to Rs 862.20 per kg in futures market on Tuesday after speculators enlarged positions, tracking a firm trend in spot markets on increased demand from alloy-makers.

Besides, a firm trend in select base overseas, too, supported the upside.

At the Multi Commodity Exchange, to be delivered this month was trading higher by Rs 6.70, or 0.78 per cent to Rs 862.20 per kg, with a business turnover of 687 lots.

The rise in prices at futures trade was mostly attributed to raising of bets by participants on strong demand in the spot markets amid positive global cues.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 13:25 IST