Amid increased demand from alloy-makers in the domestic spot market and strength in base metals overseas, nickel rose by 0.20% to Rs 946.10 per kg in futures trade today.
At the MCX, nickel for delivery in July traded higher by Rs 1.90, or 0.20%, to Rs 946.10 per kg, with a business turnover of 275 lots.
The June contract edged higher by Rs 1.30, or 0.14%, to Rs 938.30 per kg, with a business turnover of 2,934 lots.
Analysts said increased demand from alloy-makers in the spot market and a firming trend in metals at the London Metal Exchange (LME) as pro-bailout parties won in general elections in Greece, easing fears of global financial turmoil, influenced nickel futures prices here.
At the LME, nickel rose 0.5% to $16,940 per tonne.
