Castorseed futures up on brisk buying

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:45 PM IST

Castorseed futures prices moved up by Rs 100 to Rs 5,177 per quintal today on aggressive buying, driven by firm spot markets sentiment.

Market analysts said brisk buying by traders against restricted supply amid pick-up in demand at domestic markets, pushed up the castorseed futures prices.

Higher overseas trend also influenced the trading sentiments to some extent, they added.

At the National Commodity and Derivatives Exchange, castorseed prices for delivery in May shot up by Rs 100, or 1.97%, to Rs 5,177 per quintal, with an open interest of 5,420 lots.

The April contract rose 1.49%, to Rs 5,194, with a business turnover of 6,060 lots.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 07 2011 | 2:05 PM IST

Next Story