Breaking News

You are here » Indian-Commodity  :  Commodities  :  Chana  :  Chana futures trade higher on lower supplies

03-Jan2015

Chana futures trade higher on lower supplies

Chana futures traded higher on NCDEX on account of slack supplies in the spot market against firm demand. Further, decline in crop output too supported chana prices' uptrend.

The contract for January delivery was trading at Rs 3480.00, up by 0.72% or Rs 25.00 from its previous closing of Rs 3455.00. The open interest of the contract stood at 60910 lots.

The contract for February delivery was trading at Rs 3535.00, up by 1.64% or Rs 57.00 from its previous closing of Rs 3478.00. The open interest of the contract stood at 72800 lots on NCDEX.

 

 

 


Related News

View all news

Chana futures trade lower on NCDEX

Chana futures traded lower on NCDEX, with reports of higher crop production for 3rd consecutive year. Moreover, weak buying at prevailing higher rates weighed on the commodity.The contract for April delivery......

Chana futures trade lower on profit booking

Chana futures traded lower on NCDEX, due to profit booking by market participants tracking stock mountings with Government agencies. However, firm demand from the domestic markets capped the down......

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......

Top News

View all news

RBI's swap arrangement a 'sound move': Subhash Chandra Garg

Welcoming the Central Bank's rupee-dollar swap auction, the Finance Ministry has said that liquidity situation of the economy is comfortable and it will be boosted further by Rs 35,000 crore through the......

KPTL, Infibeam Avenues and Amarjothi Spinning Mills to see some action today

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......

Kalpataru Power Transmission to acquire 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......