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24-Jan2015

Chana futures trade down on low demand

Chana futures edged down on NCDEX due to fall in demand in the spot market against ample stocks position. However, expectation of lower output from the major producing belts, capped some losses in chana prices to some extent.

The contract for February delivery was trading at Rs 3286.00, down by 0.24% or Rs 8.00 from its previous closing of Rs 3294.00. The open interest of the contract stood at 98920 lots.

The contract for April delivery was trading at Rs 3443.00, down by 0.69% or Rs 24.00 from its previous closing of Rs 3467.00. The open interest of the contract stood at 53610 lots on NCDEX.


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