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26-Jul2014

Chana futures edge higher on improved demand

Chana futures traded higher on NCDEX on improved demand in the physical markets especially from the millers. However, increased supplies and expectations of higher output from the major producing belts capped some gains in chana prices to some extent.

The contract for August delivery was trading at Rs 2856.00, up by 0.71% or Rs 20.00 from its previous closing of Rs 2836.00. The open interest of the contract stood at 146820 lots.

The contract for September delivery was trading at Rs 2936.00, up by 0.58% or Rs 17.00 from its previous closing of Rs 2919.00. The open interest of the contract stood at 55290 lots on NCDEX.


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