Business Standard

Chana futures rises for second day in row

Chana
Related News

prices remained higher for the second straight day by adding Rs 4 to Rs 3,295 per quintal today, as speculators enlarged their positions, supported by firming trend at spot market.

At the National Commodity and Derivative Exchange, chana for delivery in December added Rs 4, or 0.12%, to Rs 3,295 per quintal, with an open interest of 1,71,430 lots.

Likewise, the commodity for delivery in January traded higher by the same margin to Rs 3,364 per quintal, with a trade volume of 84,010 lots.

Market analysts said apart from increased buying by traders, pick-up in demand in the mainly led to rise in chana futures prices.

Read more on:   
|
|

Chana futures rises for second day in row

Chana futures prices remained higher for the second straight day by adding Rs 4 to Rs 3,295 per quintal today, as speculators enlarged their positions, supported by firming trend at spot market.

Chana futures prices remained higher for the second straight day by adding Rs 4 to Rs 3,295 per quintal today, as speculators enlarged their positions, supported by firming trend at spot market.

At the National Commodity and Derivative Exchange, chana for delivery in December added Rs 4, or 0.12%, to Rs 3,295 per quintal, with an open interest of 1,71,430 lots.

Likewise, the commodity for delivery in January traded higher by the same margin to Rs 3,364 per quintal, with a trade volume of 84,010 lots.

Market analysts said apart from increased buying by traders, pick-up in demand in the spot market mainly led to rise in chana futures prices.

image

Read More

Sugar falls on weak demand

Prices fell due to rising supplies from mills

Recommended for you

Advertisements

Quick Links

Market News

Gulshan Polyols rallies on fund buying

Reliance mid and small cap fund acquired 595,000 shares or 6.7% stake in Gulshan Polyols at price of Rs 250 per share.

Magma Fincorp surges ahead of board meet

The board of directors of the company will meet today to consider issue of equity shares on preferential basis.

Defence stocks in focus; Bharat Electronics, BEML gain 4%

Dynamatic Technologies, Astra Microwave, Pipavav Defence and Walchandnagar Industries up 2%-6% on the NSE.

Fortis Healthcare hits 52-week high on stake sale in Singapore hospital

The stock was up 4% at Rs 170 on the National Stock Exchange.

New LNG policy won't impact gas players much

Analysts don't see much benefits for GAIL and Petronet LNG as they will have to forego part of marketing margins and re-gasification tariffs

 

Back to Top