Kapas futures up on spot demand

Kapas prices were trading higher by 0.50 per cent to Rs 1,201.50 per 20 kilos in futures trade today as speculators elaborated holdings in tandem with higher physical markets sentiments.

Marketmen said, traders widened their bets in tune with positive clues from the spot markets, which strengthened Kapas futures price.

At the National Commodity and Derivatives Exchange, kapas delivery for April rose by Rs 6, or 0.50 per cent, to Rs 1,201.50 per 20 kg, with a business turnover of 2,717 open lots.