 "Chana up 1.2% on rising demand")
Amid rising spot demand and limited arrivals from producing belts, chana prices advanced by 1.24% to Rs 4,894 per quintal in futures trade today as participants raised their bets.
At National Commodity and Derivatives Exchange, chana for delivery in November gained Rs 60, or 1.24%, to Rs 4,894 per quintal, with an open interest of 4,650 lots.
In a similar fashion, the commodity for delivery in December traded higher by Rs 28, or 0.56%, to Rs 5,015 per quintal in 56,080 lots.
Analysts attributed sustained rise in chana prices to firm demand in the spot market against restricted supplies from producing belts.
At National Commodity and Derivatives Exchange, chana for delivery in November gained Rs 60, or 1.24%, to Rs 4,894 per quintal, with an open interest of 4,650 lots.
In a similar fashion, the commodity for delivery in December traded higher by Rs 28, or 0.56%, to Rs 5,015 per quintal in 56,080 lots.
Analysts attributed sustained rise in chana prices to firm demand in the spot market against restricted supplies from producing belts.