Wednesday, January 2, 2008

Gur Rises, Fresh Buying Seen

NCDEX Gur futures are trading a tad higher in the early moves today, after falling in the last session on short selling. NCDEX Gur futures for January 2008 slipped Rs 1.60 to close at Rs 408 per quintal yesterday.

However, today, the commodity shrugged off the movement and recorded an intraday high of Rs 408.60 per quintal. The counter currently trades at Rs 408.40, up Rs 0.40 per quintal with 0.91% rise in the open interest.

The other futures are trading higher mixed. NCDEX March is up Rs 0.40 at Rs 430.60 per quintal while NCDEX May is down Rs 0.20 at Rs 476 per quintal.

No comments: