 "Chana up 0.1% on spot demand")
Chana prices rose by 0.14% to Rs 2,911 per quintal in futures trade today as speculators created fresh positions, supported by an improvement in spot market demand due to ongoing marriage season.
However, adequate stocks availability in the physical market and expectations of better output this season on favourable weather conditions, restricted the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 4, or 0.14% to Rs 2,911 per quintal with an open interest of 55,400 lots.
Analysts said fresh positions created by speculators after an improvement in spot market in view of marriage season mainly helped chana prices to trade higher at futures trade.
However, adequate stocks availability in the physical market and expectations of better output this season on favourable weather conditions, restricted the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 4, or 0.14% to Rs 2,911 per quintal with an open interest of 55,400 lots.
Also Read
Similarly, the commodity for delivery in January edged up by Rs 4, or 0.13% to Rs 3,036 per quintal in 69,690 lots.
Analysts said fresh positions created by speculators after an improvement in spot market in view of marriage season mainly helped chana prices to trade higher at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%