Breaking News

You are here » Indian-Commodity  :  Commodities  :  Guar  :  Guar seed futures display mixed trend on MCX

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.


Related News

View all news

NCDEX receives SEBI's nod to launch options on Guar Seed Futures

National Commodity & Derivatives Exchange (NCDEX) has received the Securities and Exchange Board of India's (SEBI) approval to launch Options on Guar Seed 10 MT Futures on the auspicious occasion......

Guar seed futures trade down on hopes of higher output

Guar seed futures traded down on MCX as higher output expectations from the major producing belts due to expanded area under cultivation and on good rains. Further, large stocks position in the physical......

Guar seed futures trade down on higher supply

Guar seed futures traded down in near term contract as higher supplies from the new season crop due to sluggish local market demand and hopes of higher production from the major producing......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......