Modest Gains In Chana After Recent Setback

NCDEX Chana futures gained modestly after recent losses as the benchmark NCDEX June futures bottomed out around Rs 3570 per quintal for a second session. Physical markets are witnessing steady demand for ready pulses ahead of the monsoon season and Chana markets have also been supported even as the supplies are showing signs of increasing further. The Delhi market witnessed an arrival of 40 trucks in last session and spot prices are hovering around Rs 3800 mark. The NCDEX June Chana futures tested highs above Rs 3600 per quintal and currently trade at Rs 3595 per quintal, up 0.42% on the day. A minor decline in open interest in the counter is indicating some short covering in the counter after the latest slide that pulled the counter down by more than Rs 100 in last one week.