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19-Jul2014

Chana futures trade higher on bargain-buying

Chana futures traded higher on NCDEX on bargain-buying and on the expectations of improved demand at the spot markets. However, higher supplies from the major producing belts capped some gains in chana prices to some extent.

The contract for August delivery was trading at Rs 2890.00, up by 0.49% or Rs 14.00 from its previous closing of Rs 2876.00. The open interest of the contract stood at 158510 lots.

The contract for September delivery was trading at Rs 2968.00, up by 0.20% or Rs 6.00 from its previous closing of Rs 2962.00. The open interest of the contract stood at 38440 lots on NCDEX.


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