date:Feb 12, 2014
Indian guar futures hit their highest level in more than a week on Tuesday and are expected to extend gains in the next trading session on lower arrivals in the spot market. The February guar seed contract ended higher 4.15 percent at its intra-day high of 5,025 rupees per 100 kg on the National Commodity and Derivatives Exchange (NCDEX), a level seen last on February 1.
Guar should open higher tomorrow as arrivals are coming down, said Chowda Reddy, a senior analyst with Inditrade Derivatives