Nickel Futures Up On Increasing Demand

Nickel futures were trading higher during the afternoon trade in the domestic market on Friday 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 December 2017 contract is trading at Rs 711.80 per kg, up by 0.24 per cent, after opening at Rs 713.70, against a previous close of Rs 710.10. It touched the intra-day high of Rs 715.10(at 13:07 hours).

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Suhani Verma

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