Robust demand lifts nickel futures by 0.40%

NEW DELHI, Aug 13: Nickel prices edged up by 0.40 per cent to Rs 956.30 per kg in futures market today as participants raised bets, taking positive cues from the spot market on uptick in demand.
At the Multi Commodity Exchange, nickel for delivery in August went up by Rs 3.80, or 0.40 per cent, to Rs 956.30 per kg in business turnover of 2,265 lots.
On similar lines, the metal for delivery in September gained by Rs 3.30, or 0.34 per cent, to Rs 960.50 per kg in 93 lots.
Analysts said, widening of positions by traders due to pick up in demand from alloy-makers in the spot markets, mainly influenced nickel prices in futures trade. (PTI)

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