Kapas prices eased by 0.26 per cent to Rs 1,138.50 per 20 kilos at the futures trade today on cutting down of bets by the traders amid lower physical markets lead.
Marketmen said traders were shortening their holdings, depressed by weak sentiments in the spot markets, which reflected the downfall in kapas futures prices.
In the spot market feeble demand from textile industries and fiber units held the prices in the negative territory, they added.
At the National Commodity and Derivatives Exchange, kapas for April 2019 faded by Rs 3, or 0.26 per cent, to Rs 1,138.50 per 20 kilos, having business turnover of 3,515 open interest lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app