Nickel futures traded higher on MCX as participants enlarged their holdings on the back of uptick in demand from alloy-makers and other consuming industries in the spot market.
The contract for June delivery was trading at Rs 600.10, up by 0.33% or Rs 2.00 from its previous closing of Rs 598.10. The open interest of the contract stood at 14720 lots.
The contract for July delivery was trading at Rs 605.20, up by 0.35% or Rs 2.10 from its previous closing of Rs 603.10. The open interest of the contract stood at 22282 lots on MCX.