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14-Mar2019

Copper futures trade lower on profit booking

Copper futures traded lower on MCX, due to profit booking by the speculators at prevailing higher rates amid softer demand from spot domestic markets. However, positive trend of red metal in international markets capped the downside.

The contract for April delivery was trading at Rs 451.15, down by 0.36% or Rs 1.65 from its previous closing of Rs 452.80.The open interest of the contract stood at 14064 lots.

The contract for June delivery was trading at Rs 455.10, down by 0.32% or Rs 1.45 from its previous closing of Rs 456.55. The open interest of the contract stood at 649 lots on MCX.


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