Nickel futures rise on firm spot demand
Nickel contracts for January delivery gained Rs 6.20, or 0.49 per cent, to Rs 1,280.30 per kg in a business turnover of 1,880 lots.
By PTI |
ETAuto
Nickel prices rose by 0.49 per cent to Rs 1,280.30 per kg in futures trade on Monday as speculators built fresh positions on rising demand from alloy makers in spot market.
On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 6.20, or 0.49 per cent, to Rs 1,280.30 per kg in a business turnover of 1,880 lots.
Rise in demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 6.20, or 0.49 per cent, to Rs 1,280.30 per kg in a business turnover of 1,880 lots.
Rise in demand in spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
