guar news

The guar prices remained mostly weak today. The prices slid further today on increased speculative selling pressure at the futures as well as the physical markets. The southwest monsoon has withdrawn from entire West Rajasthan and parts of Jammu & Kashmir, Himachal Pradesh, Punjab, Haryana, East Rajasthan, Gujarat Region and Saurashtra & Kutch. Withdrawal line passes through Srinagar, Dharamshala, Patiala, Jaipur, Udaipur, Ahmedabad and Dwaraka. The market sentiments remained bearish on an expected higher crop in this year. Under such circumstances the guar prices are expected to maintain the bearish sentiment and trade weakly in the next day. However, some range bound upward movement is also likely in the later session of trade.
some confirm reports r coming that guar production will b higher than expected.. now it rains or dosent.. it dosent matter any more becoz it has done its job... farmers r very happy..specially in west rajasthan..

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Are you a day trader?