Castorseed futures jumps on firm spot cues

PTI New Delhi | Updated on February 21, 2011

Castorseed futures prices climbed up by Rs 777 to Rs 5,400 per quintal today, following aggressive buying by traders in line with firm global and domestic cues.

Market analysts said low stocks position against heavy buying by consuming industries in the physical markets, in line with a firm global market sentiment, encouraged traders to build up fresh positions here.

At the National Commodity and Derivatives Exchange, castorseed prices for March contract hardened by Rs 77 or 1.45 per cent to Rs 5,400 per quintal with an open interest of 8,510 lots.

Similarly, May contract also jumped up by Rs 71 or 1.35 per cent to Rs 5,321.50 per quintal, clocking an open interest of 460 lots.

Published on February 21, 2011

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