Chana up 0.7% on better spot demand

Chana for delivery in July gained 0.74%

Press Trust of India New Delhi
Last Updated : Jul 01 2013 | 3:03 PM IST
Chana prices rose by Rs 25 to Rs 3,189 per quintal in futures trade today as speculators enlarged their positions on good demand in the spot market.

At the National Commodity Derivatives Exchange, chana for August contract rose by Rs 25, or 0.79%, to Rs 3,189 per quintal, with an open interest of 1,43,620 lots.

Similarly, chana for delivery in July gained Rs 23, or 0.74%, to Rs 3,117 per quintal, with an open interest of 87,510 lots.

Analysts said increased buying by speculators on good demand in the spot market mainly led to a rise in chana futures prices.
*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

More From This Section

First Published: Jul 01 2013 | 3:01 PM IST

Next Story