Sanjay Roy,editor,NEW DELHI,www.mcxbaba.com
Nickel costs moved up by 0.72 per cent to Rs 984.20 per kg in investments market today after investors broadened positions amid positive cues from universal markets.
Besides, rising hobby from alloy-makers in the spot markets braced the godsend.
At the Multi Commodity Exchange, nickel for intrusting in January gained Rs 7, or 0.72 per cent, to Rs 984.20 per kg in a business turnover of 644 lots.
In a similar practice, the metal for impartment this month rose by Rs 6.80, or 0.69 per cent, to Rs 991 per kg in 27 lots.
Market analysts said apart from increased domestic demand from alloy-makers, firmness in metals at the London Metal Exchange ( LME) after data showed the economy of the US, the second-biggest consumer of the metal, grew at the fastest pace since 2003, persuaded nickel commodities here.