Wednesday, 30 April 2014

Chana futures trade down on higher arrivals

Chana futures traded down on NCDEX as speculators offloaded their positions triggered by higher arrivals from the major producing belts. Further, sluggish demand in the spot market too fuelled the commodity prices downtrend.
The contract for May delivery was trading at Rs 3091.00, down by 0.61% or Rs 19.00 from its previous closing of Rs 3110.00. The open interest of the contract stood at 86260 lots.
The contract for June delivery was trading at Rs 3154.00, down by 0.50% or Rs 16.00 from its previous closing of Rs 3170.00. The open interest of the contract stood at 73860 lots on NCDEX.

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