Market and product
Nickel rises on spot demand in futures trade
Recovery in copper and other base metals at the London Metal Exchange in early trade today, also influenced the metal prices at futures market here.
At the Multi Commodity Exchange platform, nickel for delivery in August-month rose Rs 2.90, or 0.30 per cent, to Rs 965.70 per kg, with a turnover of 1,945 lots.
The September contract also traded higher by Rs 2.50, or 0.20 per cent, to Rs 974.30 per kg, clocked a turnover of 313 lots.
Analysts said apart from strong demand from alloy makers at physical markets, recovery in base metals in global markets after yesterday's weakness, also attributed to the gains in nickel futures.
(Source: http://economictimes.indiatimes.com)
