Wednesday, 5 November 2014

Chana futures trade lower on ample supplies

Chana futures traded lower on NCDEX on ample supplies from the major producing belts. However, improved demand from mills and a hike in minimum support price (MSP), capped some losses in chana prices to some extent.
The contract for November delivery was trading at Rs 3149.00, down by 1.10% or Rs 35.00 from its previous closing of Rs 3184.00. The open interest of the contract stood at 92740 lots.
The contract for December delivery was trading at Rs 3119.00, down by 0.57% or Rs 18.00 from its previous closing of Rs 3137.00. The open interest of the contract stood at 58040 lots on NCDEX.  

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