Nickel Futures Up On Pick-Up In Demand

Nickel futures were trading higher during the noon 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 January 2018 contract is trading at Rs 797 per kg, up by 0.19 per cent, after opening at Rs 790, against a previous close of Rs 795.50. It touched the intra-day high of Rs 798.30 (at 13:04 hours).

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Suhani Verma

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