Guarseed futures plummets over 3% on all round selling

Guarseed prices tumbled by Rs 66, or 3.04 per cent, to Rs 2,103 per quintal in futures trade today on speculators booking profits at existing higher levels influenced by weak spot markets sentiment.

At the National Commodity and Derivatives Exchange counter, guarseed prices for October contract plunged by Rs.66, or 3.04 per cent, to Rs 2,103 per quintal, with an open interest of 1,80,530 lots.

Current September-month contract too declined sharply by Rs 61, or 2.85 per cent, to Rs 2,082 per quintal, with an open interest of 89,670 lots.