Chana rises as spot demand picks-up

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:17 AM IST

Chana prices rose by Rs 13 to Rs 2,738 per quintal in futures trading today as speculators created fresh positions driven by firming spot market trend.

At the National Commodity Derivatives Exchange, chana for delivery in July rose by Rs 13, or 0.48%, to Rs 2,738 per quintal, with an open interest of 202,490 lots.

The August contract was up Rs 11, or 0.39%, to Rs 2,810 per quintal, with an open interest of 183,490 lots.

Market analysts said fresh buying by speculators on the back of a firming trend at the spot market on increasing demand mainly led to rise in chana futures prices.

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First Published: Jun 29 2011 | 2:22 PM IST

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