Tuesday 20 May 2014

Chana futures edge down on sluggish demand

Chana futures traded down on NCDEX on account of sluggish demand in the spot market against increased supplies from the major producing belts. Further, expectations of higher output from the major producing belts too influenced chana prices.
The contract for May delivery was trading at Rs 2887.00, down by 1.27% or Rs 37.00 from its previous closing of Rs 2924.00. The open interest of the contract stood at 760 lots.
The contract for June delivery was trading at Rs 2933.00, down by 1.51% or Rs 45.00 from its previous closing of Rs 2978.00. The open interest of the contract stood at 153010 lots on NCDEX.

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