Nickel futures up on increasing demand
17/05/2018 16:17
Nickel futures were trading higher during the evening trade in the domestic market on Thursday as participants widened their bets, driven by pick-up in demand in the spot market.

Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.

At the MCX, nickel futures for May 2018 contract is trading at Rs 988.50 per kg, up by 1.12 per cent, after opening at Rs 981.30, against a previous close of Rs 978.20. It touched the intra-day high of Rs 993(at 16:19 hours)