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16-Oct2018

Jeera futures trade bearish on profit taking

Jeera futures traded bearish on NCDEX, with the profit booking by investors after the cumin prices rose due to firm physical domestic and exports demands from China and Bangladesh coupled with the production concerns.

The contract for October delivery was trading at Rs 20005.00, down by 1.89% or Rs 385.00 from its previous closing of Rs 20390.00. The open interest of the contract stood at 717 lots.

The contract for November delivery was trading at Rs 19900.00, down by 1.14% or Rs 230.00 from its previous closing of Rs 20130.00. The open interest of the contract stood at 6078 lots on NCDEX.


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