Guar gum futures recover on short covering

Image
Press Trust of India New Delhi
Last Updated : May 04 2017 | 1:13 PM IST
Guar gum prices recovered by Rs 84 to Rs 7,941 per quintal in futures trading today after participants covered-up short positions at prevailing lower levels amid a firm trend at the physical markets.
Marketmen said besides covering up of short positions by speculators, pick up in demand and tight supplies in the spot markets supported the rise in guar gum prices at futures trade here.
At the National Commodity and Derivatives Exchange, guar gum for delivery in May was trading higher by Rs 84, or 1.07 per cent, to Rs 7,941 per quintal, with a business turnover of 17,635 lots.
Guar gum for delivery in June also recovered by Rs 83, or 1.04 per cent, to Rs 8,075 per quintal, in an open interest of 38,415 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: May 04 2017 | 1:13 PM IST

Next Story