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27-Oct2016

Cardamom futures trade higher on MCX

Cardamom futures traded higher on MCX as investors build up fresh positions amid increase in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions too fuelled the uptrend.

The contract for November delivery was trading at Rs 1236.80, up by 1.06% or Rs 13.00 from its previous closing of Rs 1223.80. The open interest of the contract stood at 918 lots.

The contract for December delivery was trading at Rs 1261.00, up by 10.80% or Rs 10.80 from its previous close of Rs 1250.20. The open interest of the contract stood at 516 lots on MCX.


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