Nickel futures up on global trend, spot demand

Nickel futures traded 0.23 per cent higher at Rs 886 per kg in futures market today after participants enlarged positions, driven by positive cues from overseas markets, and pick-up in domestic demand.

At the Multi Commodity Exchange, nickel for delivery in November gained Rs 2, or 0.23 per cent, to Rs 886 per kg, with a business turnover of 2,512 lots.

The metal for delivery in December traded higher by Rs 1.80, or 0.20 per cent, at Rs 895 per kg, with a turnover of 308 lots.

Marketmen said besides pick-up in demand from alloy- makers in the domestic spot markets, a firming trend in copper and other base metals overseas, supported the upside in nickel prices at futures trade here.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.