Friday, September 14, 2007

Chana Futures Witnesses Up Trend

Mumbai: Chana future prices on NCDEX traded higher during Sept 13, early session on account of low arrivals and improved demand from stockists. Chana prices on NCDEX opened at Rs 2,252 per quintal on Seot 13. Jeera future prices were trading higher taking support from firm physical market. Festival demand and firm international demand keeping the prices supported as a result traders are not settling for lower prices. Jeera prices were ruling at Rs 10,390 per quintal during the opening trade on Sept 13. Sugar prices in the futures market fell on hoped higher production from the two major producing countries of Brazil and India. Potato prices ruled higher in the futures market on good demand in the spot market and less arrival. MCX Comdex-the composite index of metals, energy and agri sub-indices-was up 0.19 per cent at 2186.32 points. MCX Metal Index lost 0.58 per cent at 2464.23 points, MCX Energy Index was up 1.19 per cent at 2350.06 points, while MCX Agri Index closed down 0.29 per cent at 1740.30 points.

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