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Chana futures rises for second day in row

Read more on:    Ncdex | Spot Market | Chana Futures
Chana
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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 .

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.

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