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Mixed trend in guar gum futures

Press Trust of India  |  New Delhi 

In a mixed pattern of trading, guar gum for delivery in July contracts fell 0.81 per cent to Rs 6,731 per quintal in futures trading today after participants cut down their holdings.

Market players said offloading of bets by participants amid a weak trend at spot markets, mainly influenced trading at futures trade here.

However, far-month October contracts rose largely on speculative activity.

At the National Commodity and Derivative Exchange, guar gum for delivery in July contracts moved down by Rs 55 or 0.81 per cent to Rs 6,730 per quintal, with an open interest of 1,780 lots.

Guar gum for far-month contract, however, was trading higher by Rs 47, or 0.67 per cent at Rs 7,026 per quintal in an open interest of 41,895 lots on speculative activity.

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

First Published: Fri, July 14 2017. 12:42 IST