Nickel futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators widened their positions in the industrial metal amid up tick in physical demand for nickel from major consuming industries at the domestic spot market.

Nickel prices rise on account of building up of fresh positions by traders in the industrial metal amid an increase in physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for November 2016 contract is trading at Rs 695 per kg, up by 0.59 %, after opening at Rs 694.70, against a previous close of Rs 690.90. It touched the intra-day high of Rs 695.20 (at 10:47 hours).

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