Thursday, 22 May 2014

Chana futures trade higher on spot demand

Chana futures traded higher on NCDEX as speculators created fresh positions tracking rising demand in the spot market, though higher sowing of summer pulses coupled with rising stocks on the exchange warehouses, capped some gains in chana prices to some extent.
The contract for June delivery was trading at Rs 2904.00, up by 0.10% or Rs 3.00 from its previous closing of Rs 2901.00. The open interest of the contract stood at 142420 lots.
The contract for July delivery was trading at Rs 2972.00, up by 0.10% or Rs 3.00 from its previous closing of Rs 2969.00. The open interest of the contract stood at 68130 lots on NCDEX.

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