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14-Mar2019

Chana futures decline on higher stocks

Chana futures traded lower on NCDEX, due to liquidation of bets by market participants tracking higher stocks with Government agencies coupled with reports on higher crop production for 3rd consecutive year.

The contract for March delivery was trading at Rs 4223.00, down by 0.28% or Rs 12.00 from its previous closing of Rs 4235.00. The open interest of the contract stood at 58100 lots.

The contract for April delivery was trading at Rs 4265.00, down by 0.35% or Rs 15.00 from its previous closing of Rs 4280.00. The open interest of the contract stood at 58100 lots on NCDEX.


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