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01-Mar2014

Chana futures edge higher on firm demand

Chana futures traded higher on NCDEX as speculators built-up positions driven by rising demand from dal mills at spot markets and expectations of lower production due to unusually cold weather conditions in the major producing belts.

The contract for April delivery was trading at Rs 3,165.00, up by 0.29% or Rs 9.00 from its previous closing of Rs 3,156.00. The open interest of the contract stood at 83950 lots.

The contract for May delivery was trading at Rs 3,215.00, up by 0.31% or Rs 10.00 from its previous closing of Rs 3,205.00. The open interest of the contract stood at 30220 lots on NCDEX.


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