Guarseed futures up on strong demand

Image
Press Trust of India New Delhi
Last Updated : Apr 04 2016 | 7:57 PM IST
Guarseed price surged by Rs 113 per quintal in futures trading today as speculators indulged in enlarging positions amid a firm trend at the spot markets.
At the National Commodity and Derivative Exchange, guarseed for delivery in most-active May month contracts gained Rs 113, or 3.48 per cent to Rs 3,359 per quintal, having an open interest of 47,230 lots.
Similarly, delivery in current month delivery was trading higher by Rs 108, or 3.38 per cent at Rs 3,307 per quintal, with an open interest of 28,160 lots.
Marketmen said a firm trend at the spot markets on the back of strong demand and rising exports, mainly influenced guarseed prices at future trade here.
*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 04 2016 | 7:57 PM IST

Next Story