Chana up 0.9% on rising demand

Marketmen said restricted arrivals in the physical market against rising demand influenced the market sentiment

Chana rose by Rs 29 to Rs 3,159 per quintal in futures trade today as traders enlarged their holdings on rising demand in the spot market.

Marketmen said restricted arrivals in the physical market against rising demand for the festival season mainly influenced the market sentiment.

At the National Commodity and Derivatives Exchange, chana for delivery in November rose by Rs 29, or 0.92%, to Rs 3,159 per quintal, with an open interest of 1,06,090 lots.

Similarly, chana for delivery in October traded higher by Rs 28, or 0.92%, to Rs 3,070 per quintal, with an open interest of 10,160 lots.