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27-Sep2014

Chana futures trade lower on sluggish demand

Chana futures traded lower on NCDEX on account of sluggish demand in the spot markets amidst hopes of higher output from the major producing belts. However, news of the withdrawal of monsoon rains from some parts of the western region, capped some losses in chana prices to some extent.

The contract for October delivery was trading at Rs 2762.00, down by 1.15% or Rs 32.00 from its previous closing of Rs 2794.00. The open interest of the contract stood at 104100 lots.

The contract for November delivery was trading at Rs 2853.00, down by 1.11% or Rs 32.00 from its previous closing of Rs 2885.00. The open interest of the contract stood at 97370 lots on NCDEX.


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