Comments
Buoyed by the rising domestic demand and firming trend overseas, nickel futures traded 0.24 per cent higher at Rs 1,137.30 a kg on Thursday.
At the Multi Commodity Exchange platform, nickel for delivery in January traded Rs 2.70 or 0.24 per cent higher to Rs 1,137.30 a kg, with a trade turnover of four lots.
Similarly, the metal for delivery in February also moved up by Rs 2.50 or 0.22 per cent to Rs 1,147.30 a kg, with a business turnover of two lots.
Globally, nickel gained one per cent to $25,000 a tonne at the London Metal Exchange.
Market analysts said besides firming trend in base metals overseas following better-than-expected US economic data, good demand from alloy makers for the metal at the spot market from alloy makers, also supported the upside in futures here.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.