Natural Gas futures trade higher as demand improves.

Natural Gas futures traded higher on MCX, buoyed by the building up of portfolios by the market players counting on improved demand oulook amidst colder weather forecasts in mid-February. Moreover, reduced stock piles and shortcovering at prevailing levels also kindled rates.The contract for February delivery was trading at Rs 174.40 up by 0.69% or Rs 1.20 from its previous closing of Rs 173.20. The open interest of the contract stood at 65274 lots.The contract for March delivery was trading at Rs 174.30 up by 0.06% or Rs 0.10 from its previous closing of Rs 174.20.The open interest of the contract stood at 9747 lots on MCX. [Extracted from the article]

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