 "Chana up 1.5% on rising demand")
Chana rose by Rs 47 to Rs 3,056 per quintal in futures trade today as traders enlarged their holdings on rising demand in the spot market.
Restricted arrivals of the commodity in the physical market against festival buying somehow capped the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in November rose by Rs 47, or 1.56%, to Rs 3,056 per quintal, with an open interest of 84,700 lots.
Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals on reports of damage of crop in Gujarat due to heavy rains mainly supported the uptrend.
Restricted arrivals of the commodity in the physical market against festival buying somehow capped the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in November rose by Rs 47, or 1.56%, to Rs 3,056 per quintal, with an open interest of 84,700 lots.
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Similarly, chana prices for delivery in October traded higher by Rs 41, or 1.41%, to Rs 2,943 per quintal, with an open interest of 91,860 lots.
Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals on reports of damage of crop in Gujarat due to heavy rains mainly supported the uptrend.
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