Uptick in demand lifts nickel futures by 0.83%

Image

Press Trust of India New Delhi
Nickel prices were up by 0.83 per cent to Rs 680.20 per kg in futures trading today as participants widened their bets, driven by pick up in demand in the domestic spot market.

At the Multi Commodity Exchange, nickel for delivery in February went up by Rs 5.60, or 0.83 per cent to Rs 680.20 per kg in business turnover of 727 lots.

Analysts attributed rise in nickel futures to increasing of positions by traders following upsurge in demand from alloy-makers in the spot market.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 01 2017 | 10:48 AM IST

Explore News