Nickel futures up on positive spot cues

Nickel prices were up by 0.43 percent to Rs 948.80 per kg in futures trading today as speculators raised their bets, taking positive cues from spot market on pick up in demand.

At the Multi Commodity Exchange, nickel for delivery in August rose by Rs 4.10, or 0.43 percent to Rs 948.80 per kg in a business turnover of 1,132 lots.

On similar lines, the metal for delivery in September contract Analysts said widening of positions by traders on the back of pick up in demand from alloy-makers at domestic spot markets, mainly led to a rise in nickel prices at futures trade.

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