NEW DELHI, June 18: Taking positive cues from the overseas market, nickel futures moved up by 0.36 per cent to Rs 833.80 per kg today.
Besides, rising demand at domestic spot markets supported the upside.
Nickel for delivery in July gained Rs 3, or 0.36 per cent, to Rs 833.80 per kg in a business turnover of 26 lots at the Multi Commodity Exchange.
In a similar fashion, the metal for delivery in current month (June) rose Rs 2.40, or 0.29 per cent, to Rs 826.30 per kg in 1,258 lots.
Market analysts said apart from increased domestic demand from alloy-makers, firmness in the base metals pack at London Metal Exchange, supported the upside in nickel futures here. (PTI)
Follow our WhatsApp channel