Comments
Cotton and rubber futures opened quoted lower on the Multi Commodity Exchange (MCX) during initial hours of trading on Thursday morning. Cotton futures quoted lower in line with the Intercontinental Exchange (New York), where prices declined a tad.
Rubber prices were down as crude oil prices dropped in the global market as traders awaited OPEC+ move to US, India and their allies deciding to release their crude oil reserves to tame prices.
On Thursday morning, the December futures of cotton of rubber were down by 0.25 per cent, and 0.71 per cent, respectively.
The December futures of cotton were trading at ₹32,240 against the previous close of ₹32,320, and the December futures of rubber were trading at ₹19,515 against the previous close of ₹19,654 in the initial hour of Thursday morning.
The December futures of zinc and nickel were the gainers on MCX on Thursday morning. The December futures of zinc were trading at ₹277.5 as against the previous close of ₹275.8, up by 0.62 per cent. The December futures of nickel were trading at ₹1,593.5 against the previous close of ₹1,585.8, up by 0.49 per cent.
NCDEX
On the National Commodities and Derivatives Exchange (NCDEX), jeera and guar gum futures opened lower on Thursday morning, and the dhaniya and turmeric (unpolished) futures were the gainers.
The December jeera contracts were trading at ₹16,225 on NCDEX against the previous close of ₹16,360, down by 0.83 per cent.
The December contracts of guar gum were trading at ₹10,863 against the previous close of ₹10,890, down by 0.25 per cent.
The December dhaniya futures were trading at ₹9,002 on NCDEX against the previous close of ₹8,944, up by 0.65 per cent. The December futures of turmeric (unpolished) were trading at ₹7,640 against the previous close of ₹7,622, up by 0.24 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.