Cotton Futures Trade Higher On Rising Demand - Nifty Future Tips

Cotton futures traded higher on MCX due to rising from traders and stockists at the spot market. Though, some gains were capped on expectation of good production from major growing regions. The contract for October delivery was trading at Rs 18520.00, up by 0.22% or Rs 40.00 from its previous closing of Rs 18480.00. The open interest of the contract stood at 2851 lots.

The contract for November delivery was trading at Rs 18090.00, up by 0.22% or Rs 40.00 from its previous closing of Rs 18050.00. The open interest of the contract stood at 1627 lots on MCX.

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