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

Government imposes 30% import duty on Chana, Masoor

Government has decided to impose 30% import duty on Chana (Chickpeas) and Masoor (Lentils), with immediate effect. The production of Chana (Chickpeas) and Masoor (Lentils) are expected to be high during......

NCDEX reports Rs 91 crore turnover in chana contract on re-launch day

National Commodity & Derivatives Exchange (NCDEX), an online agri-commodity exchange has registered a turnover of Rs 91 crore on the first day of the re-launch of chana (pulses) contracts. The......

NCDEX receives SEBI's nod to re-launch chana futures

National Commodity & Derivatives Exchange (NCDEX), an online agri-commodity exchange will re-launch the chana futures contract expiring in the months of September 2017, October 2017 and November......

Top News

View all news

RPP Infra Projects bags orders worth Rs 62.90 crore from BHEL

RPP Infra Projects has bagged orders from Bharat Heavy Electricals (BHEL), Chennai for worth of Rs 62.90 crore. The first order is for providing civil works of Boiler, Mill and Bunker, ESP area of unit......

Glenmark gets tentative ANDA approval for Abiraterone Acetate Tablets

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (USFDA) for Abiraterone Acetate Tablets USP, 250 mg, a generic......

HDFC Standard Life Insurance reports 18% rise in Q3 net profit

HDFC Standard Life Insurance has reported results for third quarter ended December 31, 2018. The company has reported a rise of 18.48% in its net profit at Rs 245.63 crore for the quarter under review......