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26-Sep2013

Guar seed futures surge on limited stocks

Guar seed futures surged on MCX on firm export demand amid limited stocks in the physical markets. The sentiments further improved on rising demand in the spot market as well as low production and stock prospects.

The contract for October delivery was trading at Rs. 6138.00, up by 2.30% or Rs 138.00 from its previous closing of Rs 6000.00. The open interest of the contract stood at 204.00 lots.

The contract for November delivery was trading at Rs 5737.00, up by 0.88% or Rs 50.00 from its previous closing of Rs 5687.00. The open interest of the contract stood at 173.00 lots on MCX.


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