Guarseed futures climb Rs 82 per quintal

Guarseed prices spurted by Rs 82 to Rs 3,600 per quintal in future trade today as speculators indulged in widening their positions, tracking a firm trend at the physical markets and positive overseas cues.
Marketmen said expanding of positions by participants, buoyed by firm physical markets where prices surged on tight supplies against strong demand from consuming industries, mainly influenced trading sentiments.
Moreover, positive global cues also supported the upside in guarseed prices, they added.
At the National Commodity and Derivative Exchange, guarseed delivery for second contract November hardened by Rs 82 or 2.33 per cent to Rs 3,600 per quintal in an open interest of 14,590 lots.

Also, most-active delivery in October contracts shot up by Rs 81 or 2.32 per cent to Rs 3,565 per quintal with an open interest of 87,150 lots.