 "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.
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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.