NEW DELHI, Oct 17: Taking positive cues from global market and rising demand from domestic alloy-makers, nickel futures rose 0.27 per cent to Rs 961.70 per kg today as speculators enlarged their positions.
At the Multi Commodity Exchange, nickel for delivery in current month contracts rose by Rs 2.60, or 0.27 per cent, to Rs 961.70 per kg in a business turnover of 477 lots.
Analysts said besides rising spot demand, a firming trend at the London Metal Exchange (LME) on hopes global usage of the metal will exceed output amid signs of an improving US economy, also boosted prices.
Meanwhile, nickel for delivery in three months at the LME rose USD 174, or 1.2 per cent to USD 15,639 per tonne. (PTI)
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