Chana futures trade down on ample stocks

Chana futures traded down on NCDEX, as speculators reduced their holdings on ample stocks position in the physical market due to large supplies from the new season crop in Madhya Pradesh state. Further, sluggish demand in the spot market too was putting pressure on chana prices. The contract for May delivery was trading at Rs 3050.00, down by 0.52% or Rs 16.00 from its previous closing of Rs 3066.00. The open interest of the contract stood at 77600 lots. The contract for June delivery was trading at Rs 3113.00, down by 0.64% or Rs 20.00 from its previous closing of Rs 3133.00. The open interest of the contract stood at 84350 lots on NCDEX.