Nickel futures rise on strong spot demand

Nickel futures rise on strong spot demand

New Delhi, Jun 11 (PTI) Nickel futures on Friday rose 0.96 per cent to Rs 1,343.20 per kg in futures trade as speculators created fresh positions on increased demand from alloy makers at the spot market.

On the Multi Commodity Exchange, nickel contracts for delivery in June rose by Rs 12.80, or 0.96 per cent, to Rs 1,343.20 per kg. In this, deals were done for 1,819 lots.

Market analysts said rise in nickel futures was mainly due to increased demand from alloy makers at the spot market.

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