Nickel futures were trading higher during the afternoon trade in the domestic market on Friday after traders enlarged positions amid pick up in spot demand at domestic markets.
Market analysts attributed the rise in nickel futures to the widening of positions by participants, following rising in demand from alloy makers in physical markets.
At the MCX, nickel futures for August 2019 contract is trading at Rs 988.00 per kg, up by 0.83 percent, after opening at Rs 984.0, against a previous close of Rs 979.90. It touched the intra-day high of Rs 994.50 (at 15:00 hours).
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