Hot Commodities: NCDEX Chana Spikes Nearly 1%

Hot Commodities: NCDEX Chana Spikes Nearly 1%

Nov 11, 2020 12:11 IST capital market

NCDEX Chana futures saw very good gains ahead of Diwali weekend as firm trends in end user markets and continued improvement in the Covid-19 situation supported the commodity. The futures have been easing in recent days as Chana sowing got underway in states like Gujarat and Rajasthan. The benchmark NCDEX Chana futures for December fell to a six week low near Rs 5160 per quintal in last week and saw continued selling pressure on rallies thereafter. The commodity currently trades at Rs 5288 per quintal, up 1.07% on the day. There has been a sustained decrease in the number of active cases over the past few weeks and the recovery Rate has increased to 92.64%.

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