Nickel futures edge marginally higher on firm overseas trend

Nickel futures edged marginally higher on MCX as speculators created fresh positions, driven by a firm overseas trend. Moreover, improved demand from alloy-makers at the spot markets also supported the upside of the nickel prices. The contract for June delivery was trading at Rs 1108.70, up by 0.01% or Rs 0.10 from its previous closing of Rs 1108.60. The open interest of the contract stood at 6309.00 lots. The contract for July delivery was trading at Rs 1114.00, up by 0.07% or Rs 0.80 from its previous closing of Rs 1113.20. The open interest of the contract stood at 817.00 lots on MCX.