Thursday, 7 August 2014

CAPITAL STROKE UPDATE 7 August 2014 : MCX NATURAL GAS




Natural Gas futures ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as latest weather forecasts signaled warmer temperatures across most of the

US later this week, bolstering the demand outlook for the fuel which is used to fire- up air conditioners.
At the MCX, Natural gas futures for August 2014 contract closed at Rs. 242.30 per mmBtu, up by 1.25 per cent, after opening at Rs 239.50 against the previous closing price of Rs 239.30. It touched an intra-day high of Rs 242.70.


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