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Rise in demand lifts nickel futures by 0.16%

Press Trust of India  |  New Delhi 

Amid pick up in demand in the domestic spot market, prices edged higher by 0.16 per cent to Rs 863.30 per kg in futures market today as speculators built up fresh positions.

At the Multi Commodity Exchange, for delivery in February edged up by Rs 1.40, or 0.16 per cent, to Rs 863.30 per kg in business turnover of 2,980 lots.

Similarly, the for delivery in March contracts was trading higher by 90 paise, or 0.10 per cent, to Rs 866.80 per kg in 51 lots.

Analysts said fresh positions created by participants on back of a rise in demand from alloy-makers in the physical market helped prices to trade higher in futures trade.

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

First Published: Wed, February 14 2018. 11:30 IST