Thursday 8 May 2014

Chana futures edge down on lower demand

Chana futures traded down on NCDEX on weakness in spot demand due to the new crop arrivals in local manids. However, buying from millers returned in some markets after the completion of elections in some areas and capped some losses in chana prices.
The contract for May delivery was trading at Rs 2976.00, down by 0.60% or Rs 18.00 from its previous closing of Rs 2994.00. The open interest of the contract stood at 57400 lots.
The contract for June delivery was trading at Rs 3040.00, down by 0.52% or Rs 16.00 from its previous closing of Rs 3056.00. The open interest of the contract stood at 113690 lots on NCDEX.

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