Chana rises by 0.10% as demand picks up

Fresh positions created by speculators following good demand in the spot markets, mainly led to rise in chana prices

Press Trust of India New Delhi
Last Updated : Jul 16 2013 | 12:22 PM IST
Chana prices moved up marginally by Rs 3 to Rs 2,995 per quintal in futures trading today as speculators enlarged their positions, supported by pick-up in demand in the spot market.
 
At the National Commodity Derivatives Exchange, chana for delivery in July rose by Rs 3, or 0.10%, to Rs 2,995 per quintal, with an open interest of 1,630 lots.
 
Similarly, the commodity for delivery in August traded higher by the same margin to Rs 3,027 per quintal in 2,17,790 lots.
 
Analysts said fresh positions created by speculators following good demand in the spot markets, mainly led to rise in chana prices at futures trade.
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First Published: Jul 16 2013 | 12:21 PM IST

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