Nickel futures were trading higher during the afternoon trade in the domestic market on Thursday as traders raised their bets amid a firming trend at domestic market on the back of increased demand from alloy-makers. Further, the increase in domestic demand from alloy-makers at the domestic spot markets, helped the upside in nickel prices at the futures trade.

At the MCX, nickel futures for July 2016 contract is trading at Rs 702.90 per kg, up by 1.28 per cent, after opening at Rs 698.20, against a previous close of Rs 694. It touched the intra-day high of Rs 704.70.

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