Nickel futures on the rise

Nickel Investing News reports nickel futures traded higher as investors showed buying interest.

A favourable response to the stimulus packages that will be put in action by the incoming U.S. administration lifted most of the base metals.  On the MCX, Nickel December 2008 contract opened at Rs 462.80 a kg as compared to its previous closing of Rs 457.20. The last quoted price for the same was Rs 481, up 5.21 per cent. Nickel January 2009 contract surged by 5.16 per cent to Rs 495.50 a kg as compared to its previous closing of Rs 471.20. It touched a high of Rs 499.50 and low of Rs 478.

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