Guar seed futures rise on positive physical market sentiment

Guar seed prices went up by Rs 26 to Rs 4,365 per quintal in futures trade today on optimistic buying by investors, spurred by bullish spot market sentiments.

Marketmen said participants raised their holdings on the back of tight supplies from growing regions, powered by pick up in demand from guar gum making industries in the spot markets, which led to the up move in guar seed futures prices.

At the National Commodity and Derivatives Exchange counter, guar seed delivery for the November contract rose by Rs 26, or 0.60 percent, to Rs 4,365 per quintal with an open interest of 7,750 lots.

In a similar way, the delivery of October contract gained Rs 21.50, or 0.50 percent, to Rs 4,331 per quintal, showing an open interest of 1,05,490 lots.

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