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Chana futures gain 0.65% on spot demand

Press Trust of India  |  New Delhi 

Chana prices rose by 0.65 per cent to Rs 3,875 per in futures trade today as participants raised their bets on strong advices from spot markets.

At the National Commodity and Derivatives Exchange, chana for delivery in April month moved up by Rs 25, or 0.65 per cent to Rs 3,875 per with an open interest of 33,350 lots.

The commodity for delivery in March was trading higher by Rs 24, or 0.63 per cent, to Rs 3,836 per in 87,860 lots.

Analysts attributed the rise in chana prices to widening of positions by traders on the back of pick up in demand from dal mills in physical markets against restricted supplies from growing regions.

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

First Published: Fri, February 09 2018. 11:35 IST
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