Nickel Futures Up On Rising Demand

Nickel futures were trading higher during the afternoon trade in the domestic market on Tuesday as participants widened their bets, driven by pick-up in demand in the spot market.

Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.

At the MCX, nickel futures for October 2017 contract is trading at Rs 775.50 per kg, up by 0.60 per cent, after opening at Rs 775, against a previous close of Rs 770.90. It touched the intra-day high of Rs 777.20(at 12:50 hours). 
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Suhani Verma

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