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Nickel futures rise on firm spot demand

Nickel futures rise on firm spot demand
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Oct 15 (PTI) Nickel prices on Friday increased by 2.29 per cent to Rs 1,535.90 per kg in the futures trade, as speculators built up fresh positions amid rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the October delivery gained Rs 34.40, or 2.29 per cent, to Rs 1,535.90 per kg in a business turnover of 1,418 lots.

A rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said. PTI RUJ HRS

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Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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