Guarseed futures gain on spot markets cue
Guarseed prices extended gains by Rs 160 to Rs Rs 7,700 per quintal in the futures trading today on buying by speculators.
By PTI | Updated:
NEW DELHI: Guarseed prices extended gains by Rs 160 to Rs Rs 7,700 per quintal in the futures trading today on buying by speculators driven by firming trend in spot markets.
Marketmen said thin supplies and strong demand in physical markets mainly supported the future prices.
Emerging export demand too influenced the trading sentiments to some extent, they said.
At the National Commodity and Derivatives Exchange, guarseed for the June contract edged up by Rs 160, or 2.12 per cent, to Rs 7,700 per quintal, with an open interest of 1,315 lots.
The July contract gained Rs 80, or 1.13 per cent, to Rs 7,190 per quintal, having an open interest of 5,670 lots.
Marketmen said thin supplies and strong demand in physical markets mainly supported the future prices.
Emerging export demand too influenced the trading sentiments to some extent, they said.
At the National Commodity and Derivatives Exchange, guarseed for the June contract edged up by Rs 160, or 2.12 per cent, to Rs 7,700 per quintal, with an open interest of 1,315 lots.
The July contract gained Rs 80, or 1.13 per cent, to Rs 7,190 per quintal, having an open interest of 5,670 lots.
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