Nickel futures traded marginally higher on MCX as speculators raised bets amid a firming trend at domestic market on the back of increased demand from alloy-makers and other consuming industries.
The contract for June delivery was trading at Rs 593.30, up by 0.05% or Rs 0.30 from its previous closing of Rs 593.00. The open interest of the contract stood at 30228 lots.
The contract for July delivery was trading at Rs 598.50, up by 0.08% or Rs 0.50 from its previous closing of Rs 598.00. The open interest of the contract stood at 12268 lots on MCX.