Chana up by 1.07% on better spot demand

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

Press Trust of India New Delhi
Last Updated : Jul 15 2013 | 1:06 PM IST
Chana prices rose by Rs 32 to Rs 3,021 per quintal in futures trade today as speculators enlarged their positions on rising spot market demand.
 
At the National Commodity Derivatives Exchange, chana for August contract rose by Rs 32, or 1.07%, to Rs 3,021 per quintal, with an open interest of 2,17,950 lots.
 
Similarly, the commodity for delivery in July gained Rs 30, or 1.02%, to Rs 2,975 per quintal, with an open interest of 1,910 lots.
 
Analysts said increased buying by speculators on good demand in the spot market mainly led to a rise in chana futures prices.
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First Published: Jul 15 2013 | 1:03 PM IST

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