Nickel futures gain on spot demand
On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 9.30, or 1.03 per cent, to Rs 916.10 per kg in a business turnover of 30 lots.
Similarly, the metal for March delivery traded higher by Rs 10, or 1.09 per cent, at Rs 928.50 per kg in a business turnover of 3,285 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said. VHP SHWSHW