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Guar gum futures gain on export demand

Press Trust of India  |  New Delhi 

prices hardened by Rs 89 to Rs 8,959 per in futures trade today on expansion of bets, guided by bullish physical sentiments amidst rising export demand.

Market players said raising of holdings by the participants in tune with upbeat physical sentiments on the back of robust export demand, reflected up trend in futures prices.

At the National Commodity and Derivative Exchange platform, delivery for the immediate contract April spurted by Rs 89 or 1.00 per cent to Rs 8,959 per quintal, with an open interest of 980 lots.

Likewise, the delivery of the most active second contract May advanced by Rs 44 or 0.49 per cent to Rs 9,043 per quintal, having an open interest of 58,840 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 11:30 IST
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