Breaking News

You are here » Indian-Commodity  :  Commodities  :  Chana  :  Chana futures edge lower on sluggish demand

01-Feb2014

Chana futures edge lower on sluggish demand

Chana futures edged lower on NCDEX as speculators booked profits, driven by a weak trend at the spot market on sluggish demand. Ample carry-forward stocks and expectations of higher production this season too influenced the commodity but concerns about the quality and yield of the crop due to a cold wave and rains in some parts of the leading cultivating areas capped the losses to some extent.

The contract for February delivery was trading at Rs 2,870.00, down by 0.62% or Rs 18.00 from its previous closing of Rs 2,888.00. The open interest of the contract stood at 61810 lots.

The contract for April delivery was trading at Rs 3,016.00, down by 0.49% or Rs 15.00 from its previous closing of Rs 3,031.00. The open interest of the contract stood at 63410 lots on NCDEX.


Related News

View all news

Chana futures trade lower on profit booking

Chana futures traded lower on NCDEX, due to profit booking by market participants tracking stock mountings with Government agencies. However, firm demand from the domestic markets capped the down......

Chana futures inch up on NCDEX

Chana futures inched up on NCDEX, as physical demand rose in the domestic markets amid reports of diminishing stocks with traders and lower imports. Though, higher stock mounts with Government agencies......

Chana futures trade tad lower on NCDEX

Chana futures traded marginally lower on NCDEX, due to report that higher crop production for 3rd consecutive year countered by higher stock piles with Government agencies. However, good physical demand......

Top News

View all news

Lupin receives USFDA's approval for Sildenafil Tablets

Lupin has received approval for its Sildenafil Tablets USP, 25 mg, 50 mg, and 100 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Pfizer Inc's Viagra Tablets,......

HCL features as leader in Everest Group's Cloud Enablement Services PEAK Matrix Assessment 2019

HCL Technologies (HCL) has been recognized as a leader in Everest Group's Cloud Enablement Services PEAK Matrix Assessment 2019. Everest Group assessed the global cloud enablement service providers and......

Time Technoplast bags order for supply of PE Pipes

Time Technoplast has secured an order for supply of High Quality, High Pressure PE Pipes for prestigious water supply project in India assisted by International Development Agencies. This order from India's......