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13-Mar2019

Copper futures trade higher on positive global cues

Copper futures traded higher on MCX, due to accumulation of bets by the market players counting on positive trend of base metals in global markets. Besides, upbeat demand at the domestic physical market also led to the rise in red metal prices at futures trade.

The contract for April delivery was trading at Rs 453.20, up by 0.10% or Rs 0.45 from its previous closing of Rs 452.75. The open interest of the contract stood at 13695 lots.

The contract for June delivery was trading at Rs 457.20, up by 0.12% or Rs 0.55 from its previous closing of Rs 456.65. The open interest of the contract stood at 644 lots on MCX.









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