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Castor seed futures regain on short covering

Business Finance

Press Trust of India  |  New Delhi 

Castor seed prices recovered by Rs 21 to Rs 4,260 per quintal in futures trade today on short-covering by participants at existing levels induced by encouraging physical cues.

Market players said, fresh buying by investors at prevailing levels supported by upbeat physical markets sentiment, mainly bolstered the trading sentiments here.

In the spot markets, pause in supplies amid pick-up in demand for soap, paint and lubricant industries kept the prices firm, they added.

At the National Commodity and Derivatives Exchange, castor seed delivery for August improved by Rs 21, or 0.50 per cent, to Rs 4,260 per quintal in a business turnover of 86,280 lots.

Similarly, the July delivery gained by Rs 20, or 0.48 per cent, to Rs 4,209 per quintal, in an open interest of 60,250 lots.

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

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First Published: Tue, July 03 2018. 11:40 IST