Friday, 25 April 2014

Chana futures trade up on rising demand

Chana futures traded up on NCDEX as speculators increasing their holdings on hopes of a rise in spot market demand due to marriage season. Moreover, renewed demand from local millers amid tight supply from producing regions also influenced the commodity prices in future trade.
The contract for May delivery was trading at Rs 3095.00, up by 0.75% or Rs 23.00 from its previous closing of Rs 3072.00. The open interest of the contract stood at 95770.00 lots.
The contract for June delivery was trading at Rs 3156.00, up by 0.77% or Rs 24.00 from its previous closing of Rs 3132.00. The open interest of the contract stood at 59720.00 lots on NCDEX.

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