The Hindu Business Line : Chana futures gain on NCDEX

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Mumbai March 7 The decision to canalise all maize exports through Government agencies pulled down maize futures on NCDEX 1.60 per cent to Rs 737.50 per quintal. "Opening on a bearish note, maize futures dipped to the day's low of Rs 727 per quintal, but recovered during the second half at Rs 749.

However, much of the gains were pared before the end of the day," said a trader.

Potato up

Good demand from cold storage companies saw potato Tarkeshwar on MCX gain 1.61 per cent to Rs 606 per quintal. Mentha oil futures on MCX rose 1.59 per cent to Rs 543 on short covering.

Chana futures on NCDEX went up 1.56 per cent to Rs 2,083 per quintal on firm spot advices from Delhi, where it was quoted higher by Rs 50-60 at Rs 2,100 per quintal. Jeera futures were marked up 0.86 per cent at Rs 11,765 per quintal even as there was no much demand in the Unjha (Gujarat) markets.

Kapas and kapaskhali futures on MCX lost 1.36 per cent and 1.59 per cent to Rs 436 per 20 kg and Rs 364 per 50 kg respectively.

Rubber futures closed 1.41 per down at Rs 8,595 per quintal on weak domestic and international markets.

Chilli down

Chilli futures, which hit the upper circuit in the last two days, went down 1.14 per cent to Rs 4,666 per quintal on profit booking.

Turnover

NCDEX registered a turnover of Rs 2,714 crore (Rs 3,319 crore, up to 5 p.m.) up to 5 pm on 86,370 (101,250), while on MCX it was Rs 3,054 crore (Rs 9788 crore, up to 5 p.m.) on 55,342 (159,786) trades. Active trades were seen in chana, pepper, guarseeds, refined soy oil, jeera and gold.

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