Nickel futures gain on firm demand 30/10/2019

Nickel futures gain on firm demand 30/10/2019

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Nickel futures were trading higher during noon trade in the domestic market on Wednesday as speculators built their positions owing to rising demand from alloy-makers in the spot market.
Rising demand at spot market from alloy-makers supported price rise in nickel futures, analysts said.
At the MCX, nickel futures for November 2019 contract is trading at Rs 1206.80 per kg, up by 0.27 per cent, after opening at Rs 1200.70, against a previous close of Rs 1203.50. It touched the intra-day high of Rs 1208.50 (at 12:28 hours).

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