Nickel futures gain 0.60% on increased demand; global leads
Market analysts said expanding of positions by traders following hardening of demand from alloy-makers in the spot market was instrumental in rising in nickel prices.
Amid pick-up in demand from alloy-makers in domestic spot markets and positive global cues, nickel prices went up higher by 0.60 percent to Rs 912 per kg in futures trading Wednesday as participants increased their bets.
At the Multi Commodity Exchange, nickel for delivery in the current month rose by Rs 5.40, or 0.60 percent, to Rs 912 per kg in a business turnover of 841 lots.
Market analysts said expanding of positions by traders following hardening of demand from alloy makers in the spot market was instrumental in rising in nickel prices.
Best Commodity Daily Market News, Click Here Watch More News- Ripples Advisory, Get 2 Days Free Trial or See Stock Cash Services. Focus on all moments - big and small'
0 comments