 "Chana up 1.1% on high buying activity")
Chana prices rose by Rs 33 to Rs 3,028 per quintal in futures trade today as traders enlarged their holdings on account of good demand in the market.
Restricted arrivals of the commodity in the physical market pushed the prices tracking a pick-up in festival demand.
At the National Commodity and Derivatives Exchange, chana for delivery in September rose by Rs 33, or 1.10%, to Rs 3,028 per quintal, with an open interest of 31,520 lots.
Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals of the commodity in the physical market.
They said, fresh enquiries from millers at lower levels against fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend.
Restricted arrivals of the commodity in the physical market pushed the prices tracking a pick-up in festival demand.
At the National Commodity and Derivatives Exchange, chana for delivery in September rose by Rs 33, or 1.10%, to Rs 3,028 per quintal, with an open interest of 31,520 lots.
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Similarly, chana prices for delivery in October traded higher by Rs 26, or 0.84%, to Rs 3,118 per quintal, with an open interest of 1,39,320 lots.
Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals of the commodity in the physical market.
They said, fresh enquiries from millers at lower levels against fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend.
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