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19-Mar2019

Cardamom futures trade higher on good demand

Cardamom futures traded higher on MCX, due to widening of bets by the market participants at prevailing lower price levels. Besides, low inventories along with robust demand from stockiest also added the upside.

The contract for April delivery was trading at Rs 1523.00, up by 0.62% or Rs 9.40 from its previous closing of Rs 1513.60. The open interest of the contract stood at 49 lots.

The contract for May delivery was trading at Rs 1535.00, up by 2.47% or Rs 37.00 from its previous closing of Rs 1498.00. The open interest of the contract stood at 11 lots on MCX.



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