MSN:Nickel futures gain 0.45 pc on global cues, spot demand
New Delhi, Nov 29 (PTI) Nickel futures prices moved up by 0.45 per cent to Rs 900.30 per kg today, mostly supported by a firming trend overseas.
Also, a pick-up in demand from alloy-makers in the spot market influenced nickel futures prices.
At the Multi Commodity Exchange, nickel for delivery in November rose by Rs 4, or 0.45 per cent, to Rs 900.30 per kg, with a business turnover of 5,645 lots.
Similarly, the metal for delivery in December was trading higher by Rs 3.40, or 0.38 per cent, at Rs 909.50 per kg, with a trading volume of 2,538 lots.
Meanwhile, nickel advanced 0.4 per cent to USD 17,251 a tonne on the London Metal Exchange (LME).
Analysts said besides increased demand from alloy-makers in the spot market, a rising trend in metal at the LME, supported the rise in nickel futures here.