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01-Nov2014

Chana futures trade lower on ample supplies

Chana futures traded lower on NCDEX on ample supplies from the major producing belts. However, improved demand from mills and expectations of lower output from the major producing belts capped some losses in chana prices to some extent.

The contract for November delivery was trading at Rs 3107.00, down by 0.77% or Rs 24.00 from its previous closing of Rs 3131.00. The open interest of the contract stood at 94580 lots.

The contract for December delivery was trading at Rs 3107.00, down by 1.43% or Rs 45.00 from its previous closing of Rs 3152.00. The open interest of the contract stood at 54890 lots on NCDEX.  


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