Weakness continued in Chana and wheat market due to heavy stocks maintained by central government. On the other side, buying intensified in guarseed and jeera market due to fresh export orders in local mandies.

As per official data, Indian government has maintained a stock of around 38 lakh tonnes of pulses in order to maintain sufficient supplies in local mandies. Thus, heavy supplies have maintained bearish trend in chana market. The NCDEX March contract ended down by 0.42 percent today , while wheat futures also ended down by 0.7 percent.

The counters such as guarseed and jeera have added strong gains today on the account of renewed export demand. The market sources stated that oil drilling activities have witnessed strong gains in current year so far as 1075 oil rigs have been active as on 11th January against 135 rigs of the last year in the same period. The NCDEX February futures added 3.19% to close at Rs 4340 per quintal.

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