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15-Nov2014

Chana futures trade higher on improved demand

Chana futures traded higher on NCDEX on account of pick-up in demand from mills against lower supplies from the major producing belts. Further, expectations of lower production from the major growing belts too supported chana prices' uptrend.

The contract for November delivery was trading at Rs 3210.00, up by 0.12% or Rs 4.00 from its previous closing of Rs 3206.00. The open interest of the contract stood at 57490 lots.

The contract for December delivery was trading at Rs 3195.00, up by 0.38% or Rs 12.00 from its previous closing of Rs 3183.00. The open interest of the contract stood at 61680 lots on NCDEX.  


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