Monday, 17 November 2014

Chana futures edge lower on ample supply

Chana futures traded down on NCDEX as speculators reduced positions amidst a fall in demand in the spot market. Further, adequate stocks in the physical market due to increased supplies from producing regions also put pressure on chana prices.
The contract for November delivery was trading at Rs 3187.00, down by 0.72% or Rs 23.00 from its previous closing of Rs 3210.00. The open interest of the contract stood at 55900.00 lots.
The contract for December delivery was trading at Rs 3172.00, down by 0.72% or Rs 23.00 from its previous closing of Rs 3195.00. The open interest of the contract stood at 67500.00 lots on NCDEX.

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