Cotton futures traded up on MCX due to rise in exports demand and bargain buying by traders and stockists. Moreover, decline in arrivals and improved demands from millers, supported the price in futures market.
The contract for December delivery was trading at Rs 15880.00, up by 0.38% or Rs 60.00 from its previous closing of Rs 15820.00. The open interest of the contract stood at 2567.00 lots.
The contract for January delivery was trading at Rs 16040.00, up by 0.19% or Rs 30.00 from its previous closing of Rs 16010.00. The open interest of the contract stood at 4881.00 lots on MCX.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: