Nickel prices rose 1.78 per cent to Rs 765.20 per kg in futures trade on Friday as speculators enlarged positions on positive cues from global markets.
Besides, increased demand from alloy-makers in the domestic spot market, supported the uptrend.
At the Multi Commodity Exchange, nickel for delivery in current month was trading higher by Rs 13.40, or 1.78 per cent, to Rs 765.20 per kg, in a business turnover of 1,699 lots.
Similarly, the metal for delivery in January rose by Rs 13.50, or 1.78 per cent, to Rs 770.60 per kg in 56 lots.
Market analysts attributed the rise in nickel futures to a firm trend in industrial metals overseas as China’s imports jumped the most in more than two years on strong demand for raw materials and rising demand from alloy-makers at the domestic spot markets.
At the Multi Commodity Exchange, crude oil for delivery this month rose Rs 24, or 0.70 per cent to Rs 3,451 per barrel in a business turnover of 2,795 lots.
Supported by pick-up in domestic demand and positive global cues, lead futures edged higher by 1.62 per cent to Rs 156.45 per kg as speculators raised their bets.
At the Multi Commodity Exchange, lead for delivery in January was trading higher by Rs 2.50, or 1.62 per cent, to Rs 156.45 per kg, with a turnover of four lots.
The metal for delivery in December also gained Rs 2.45, or 1.60 per cent, to trade at Rs 155.70 per kg in 615 lots.
Buoyed by a firm global trend and increased domestic demand, copper futures traded 1.22 per cent higher at Rs 397.30 per kg as speculators widened their bets.
At the Multi Commodity Exchange, copper for delivery in February next year was trading Rs 4.80, or 1.22 per cent higher, at Rs 397.30 per kg, in a business volume of 1,986 lots.
Similarly, the metal for delivery in far-month April was up by Rs 4.60, or 1.16 per cent, to Rs 401.10 per ..
Our Some Best Services Read it Here…
www.capitalstars.com | T:+91-731-6790000,6669900