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Castorseed futures gain on fresh buying

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Press Trust of India New Delhi

Castorseed prices gained Rs 49 to Rs 4,130 per quintal in the future trading today on sustained buying tracking a firm sentiment at the physical market.

Marketmen said reduced arrivals against heavy industrial demand in spot markets, mainly influenced trading sentiments here at the future markets.

At the National Commodity and Derivatives Exchange platform, castorseed price for current December month contract hardened further by Rs 49 or 1.20 per cent to Rs 4,130 per quintal, with an open interest of 3,950 lots.

Most active January contract also followed suit and quoted higher by Rs 16.50 or 0.43 per cent to Rs 3,840 per quintal, in an open interest of 8,310 lots.

 

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First Published: Dec 10 2010 | 5:01 PM IST

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