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27-Sep2013

Guar seed futures display mixed trend on MCX

Guar Seed futures exhibited mixed trend on MCX as October contract traded higher due to  weak sowing prospects on current year along with strong export demand in local spot markets, while November contract declined owing to the accelerated selling pressure on the back of lower demand by millers.

The contract for October delivery was trading at Rs 6,192.00, up by 0.26% or Rs 16.00 from its previous closing of Rs 6,176.00. The open interest of the contract stood at 201 lots.

The contract for November delivery was trading at Rs 5,749.00, down by 1.03% or Rs 60.00 from its previous closing of Rs 5,809.00. The open interest of the contract stood at 170 lots on MCX.


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