Guar Seed futures trade lower on piling of stocks

Guar Seed futures traded lower on NCDEX on account of narrowing of bets amid tepid demand from physical markets. Moreover, improved supplies arrivals from growing belts, and piling of inventories fuelled the downside trend.The contract for July delivery was trading at Rs 5964.00 down by Rs 35.00 or 0.58% from previous closing of Rs 5,999.00. The open interest of the contract stood at 54,940 lots. The contract for August delivery was trading at Rs 6024.00 down by Rs 46.00 or 0.76% from its previous closing of Rs 6,070.00. The open interest of the contract stood at 13,060 lots on NCDEX.