 "Chana up 0.2% on pick up in spot demand")
Chana prices rose by Rs 7 to Rs 3,380 per quintal in futures market today as speculators created fresh positions, tracking a firm trend at spot market on pick up in demand.
However, increased supplies from the new season crop in the physical market and expectations of higher output restricted the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in May rose by Rs 7, or 0.21 per cent, to Rs 3,380 per quintal with an open interest of 16,680 lots.
Analysts said speculators created fresh positions, taking a firm cues from spot market on pick-up in demand mainly helped chana prices to trade higher at futures trade.
However, increased supplies from the new season crop in the physical market and expectations of higher output restricted the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in May rose by Rs 7, or 0.21 per cent, to Rs 3,380 per quintal with an open interest of 16,680 lots.
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The June contract gained Rs 4, or 0.12 per cent, to Rs 3,462 per quintal in 1,45,470 lots.
Analysts said speculators created fresh positions, taking a firm cues from spot market on pick-up in demand mainly helped chana prices to trade higher at futures trade.
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