Nickel takes an upward swing

Nickel Investing News reports nickel rallied while efforts were made to fight the global recession.

On the MCX, Nickel Futures were bullish, Nickel October contract gained 3.73 per cent at Rs 603.50 per kg; down from its opening price of Rs 606.90, but up compared to Friday’s closing price of Rs 581.80. Nickel November contract jumped higher 4.01 per cent at Rs 619.50 per kg as compared to its previous closing of Rs 595.60. Similarly, Nickel December contract increased by 3.48 per cent at Rs 625. It opened at Rs 624.90 as compared to its earlier closing of Rs 604.

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