Nickel futures jumped over 1 % during evening trade in the domestic market on Monday as investors and speculators extended their positions in the industrial metal on increase in demand from consuming industries in the spot market amid a firm overseas trend. Further, nickel prices were also buoyed after China reported better-than-expected trade data for January as demand picked up both at home and abroad. 

At the MCX, nickel futures for February 2017 contract is trading at Rs 719.60 per kg, up by 1.24 per cent, after opening at Rs 713, against a previous close of Rs 710.80. It touched the intra-day high of Rs 720.70.

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