Breaking News

You are here » Indian-Commodity  :  Commodities  :  Chana  :  Chana futures trade down on low demand

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.


Related News

View all news

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......

Chana futures edge higher on firm demand

Chana futures edged higher on NCDEX, due to frantic buying by retailers and stockiest in line with firm physical demand from domestic and export markets. Meanwhile, diminished supply from growing belts......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......