Cotton futures traded down on MCX as speculators reduced their positions after fall in spot market demand. Further, low demand amid adequate stocks availability in the physical market has led to decline in Cotton prices at futures trade.
The contract for June delivery was trading at Rs 19350.00, down by 0.36% or Rs 70.00 from its previous closing of Rs 19420.00. The open interest of the contract stood at 6138.00 lots.
The contract for July delivery was trading at Rs 19630.00, down by 0.25% or Rs 50.00 from its previous closing of Rs 19680.00. The open interest of the contract stood at 2298.00 lots on MCX.
No comments:
Post a Comment