Guar seed futures rise by Rs 8 on fresh bets
Speculators increased their positions driven by a firm trend at the spot market.
By PTI |
Agencies
NEW DELHI: Guar seed prices on Monday rose by Rs 8 to Rs 3,921 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.
On the National Commodity and Derivatives Exchange, guar seed for February contracts increased by Rs 8, or 0.2 per cent, to Rs 3,921 per 10 quintal with an open interest of 5,645 lots.
Guar seed for March delivery traded at Rs 3,970, up Rs 18, or 0.46 per cent per 10 quintal with an open interest of 53,825 lots.
According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.
On the National Commodity and Derivatives Exchange, guar seed for February contracts increased by Rs 8, or 0.2 per cent, to Rs 3,921 per 10 quintal with an open interest of 5,645 lots.
Guar seed for March delivery traded at Rs 3,970, up Rs 18, or 0.46 per cent per 10 quintal with an open interest of 53,825 lots.
According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.
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