Breaking News

You are here » Indian-Commodity  :  Commodities  :  Guar  :  Guar seed futures surge on bargain buying

09-Oct2013

Guar seed futures surge on bargain buying

Guar seed futures surged on MCX on bargain buying, supported by some local inquiries for the new crop. However, higher arrivals as well as hopes of higher output from the major producing belts, capped the further gains in Guar seed price.

The contract for October delivery was trading at Rs 5,660.00/100 Kg, up by 1.02% or Rs 57.00 from its previous closing of Rs 5,603.00/100 Kg. The open interest of the contract stood at 90 lots.

The contract for November delivery was trading at Rs 5,447.00/100 Kg, up by 3.99% or Rs 209.00 from its previous closing of Rs 5,238.00/100 Kg. The open interest of the contract stood at 95 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

RBI's swap arrangement a 'sound move': Subhash Chandra Garg

Welcoming the Central Bank's rupee-dollar swap auction, the Finance Ministry has said that liquidity situation of the economy is comfortable and it will be boosted further by Rs 35,000 crore through the......

KPTL, Infibeam Avenues and Amarjothi Spinning Mills to see some action today

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......

Kalpataru Power Transmission to acquire 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......