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Guarseed futures recover on short-covering

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Press Trust of India New Delhi
Guarseed prices recovered by Rs 20 to Rs 5,380 per quintal in futures trading today on the back of fresh positions created by speculators, tracking a firming trend in spot and overseas markets.

At the National Commodity and Derivatives Exchange counter, guarseed for delivery in current month recovered by Rs 20, or 0.37 per cent, to Rs 5,380 per quintal, revealing an open interest of 5,889 lots.

Guarseed for June contracts rose by a similar margin to trade at Rs 5,485 per quintal, clocking an open interest of 22,541 lots.

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First Published: May 09 2014 | 4:18 PM IST

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