In this research, the effect of weld fluid flow in molten pool on the formation and behavior of intermetallic compounds NbNi3 and Nb7Ni6 and HfO2 precipitates in dissimilar electron beam welding of niobium base alloy C-103 to nickel was investigated. It was observed that due to the large difference in the melting temperature of the base metals, nickel contributed 82% by volume and C-103 contributed 18% by volume in weld zone. In the weld zone and attached to the C-103 base metal, a thin and continuous intermetallic zone was formed, including the initial phase of NbNi3 and the eutectic structure of NbNi3+Nb7Ni6. In the areas after the continuous intermetallic layer in welding, the initial phase of NbNi3 and the eutectic structure of NbNi3+γ-Ni are formed. During welding, HfO2 particles in the C-103 base metal enter the molten pool due to the weld fluid flow and remain as white precipitates in the welding zone and close to C-103. In addition to these precipitates, nanometer precipitates of HfO2 are also observed in the weld, which are formed in-situ in the weld due to the reaction of hafnium with dissolved oxygen in the melt. In the central zone of the weld, continuous band-shaped intermetallic layers can be observed which have been removed from the wall of C-103 due to the fluid flow of the molten pool and moved towards the central zone of the weld. These layers act as nucleus in the center of the molten pool and solidification occurs from their surface. At first, solidification begins with the planar growth of the initial phase of NbNi3, and then cellular and columnar dendritic growth occurs. At the end of solidification, the eutectic structure of NbNi3+γ-Ni forms between cells and dendritic branches. Due to the presence of intermetallic compounds NbNi3 and Nb7Ni6 as well as HfO2 nanometer precipitates in the weld, the hardness of the weld zone was higher than that of the base metals.