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Chana futures gain 0.28% as demand picks up

Press Trust of India  |  New Delhi 

Chana prices edged up by 0.28 per cent to Rs 5,088 per quintal in futures trade today as participants built up fresh positions, tracking a firm trend on pick up in demand at the spot market. At the National Commodity and Derivatives Exchange, chana for delivery in October went up by Rs 14, or 0.28 per cent, to Rs 5,088 per quintal, with an open interest of 12,560 lots. Similarly, the commodity for delivery in September was trading higher by Rs 14, or 0.27 per cent, to Rs 5,156 per quintal in 16,740 lots. Analysts said fresh positions created by traders due to pick up in demand in the physical market against restricted supplies from producing regions, mainly led to the rise in chana prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 18:22 IST