Nickel futures gained on MCX as participants enlarged positions amid a firming trend overseas. Besides, rising demand at domestic spot markets from alloy-makers also supported the prices.
The contract for May delivery was trading at Rs 1151.40, up by 3.02% or Rs 33.80 from its previous closing of Rs 1117.60. The open interest of the contract stood at 8924.00 lots.
The contract for June delivery was trading at Rs 1155.00, up by 2.81% or Rs 31.60 from its previous closing of Rs 1123.40. The open interest of the contract stood at 1387.00 lots on MCX.
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