India guar futures tad higher on fresh buying
MUMBAI, Oct 1 (Reuters) - Indian guar futures were trading higher on Wednesday on fresh buying, analysts said.
Stockists have started buying in the spot market after prices reached 1,620-rupee levels, about 20 percent lower since they touched this year's highest level on July 22.
At 11:15 a.m, November contract NGUX8 on the National Commodity and Derivatives Exchange was at 1,673 rupees per 100 kg, up 0.12 percent.
Analysts, however, said arrival pressure limited the gains.
New crop arrivals have started in Haryana and north Rajasthan, and likely to rise this week.
(Reporting by Sourav Mishra; Editing by Ramya Venugopal)
© Thomson Reuters 2009 All rights reserved
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan. Slideshow | Full Coverage
Liberhan Commission Report
The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya. Full Article
