India, May 29 -- Guar seed futures moved higher on Friday, driven by increased buying activity from market participants.
On the National Commodity and Derivatives Exchange (NCDEX), the June delivery contract rose by Rs 104, or 1.76%, to Rs 5,998 per quintal. Open interest in the contract stood at 48,135 lots.
Market analysts attributed the rise in futures prices to fresh positions created by traders and investors. The gains came despite some weakness in spot market prices, indicating positive sentiment in the futures segment.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....