Nickel futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their bets, driven by pick-up in demand in the spot market.
Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market. At the MCX, nickel futures for August 2017 contract was trading at Rs 736.60 per kg, up by 1 per cent, after opening at Rs 724, against a previous close of Rs 729.30. It touched the intra-day high of Rs 738.30. (at 13:10 hours).
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