Natural gas futures rose to Rs 126.30 per mmBtu on July 23 as participants increased their long positions. The commodity gained 0.4 percent on NYMEX on July 22.
Market participants are is likely to take further cues from US Energy Information Agency (EIA) weekly data to be released later in the day.
In the futures market, natural gas for July delivery touched an intraday high of Rs 127.50 and an intraday low of Rs 126.10 per mmBtu on the Multi-Commodity Exchange (MCX). So far in the current series, natural gas has touched a low of Rs 115.50 and a high of Rs 184.50.
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