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The Indian markets after a round of volatility ended modestly in red in last session on sluggish global cues and economic concern, however there were some good earnings announcements but traders preferred to remain on sidelines. Today, the start is likely to be a bit soft on weak global cues, though the trade may remain choppy, owing to the F&O May series expiry, though there were lots of setbacks during the series but the end is likely to be on a positive note around 6100 Nifty levels.

KARACHI: Ginneries participation in active trading on Thursday supported Pakistan cotton rates to remain firm. Some analysts expect that panic trading by ginneries can pushed cotton prices down.

KARACHI: The return of ginneries and arrivals of Phutti allowed Pakistan cotton market to witness brisk trading activities on Friday. The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 7,400 while physical prices were recorded at Rs 7,450, dealers said.

International Commodities Rates

The markets have started the day on a on a soft note this morning at 26,257 as tired bulls took a breather, following more than 1,250 points rally in the last eight trading session.