 "Chana gains by 0.2% as demand picks up")
Amid pick up in domestic demand and restricted supplies from producing belts, chana prices edged up by 0.19% to Rs 3,634 per quintal in futures trade today as speculators created fresh positions.
At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 7, or 0.19% to Rs 3,634 per quintal with an open interest of 1,43,100 lots.
Similarly, the commodity for delivery in May contracts gained Rs 4, or 0.11% to Rs 3,653 per quintal in 99,460 lots.
Analysts said besides pick up in demand in the spot market, restricted supplies from producing belts helped chana prices to trade higher at futures trade.
At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 7, or 0.19% to Rs 3,634 per quintal with an open interest of 1,43,100 lots.
Similarly, the commodity for delivery in May contracts gained Rs 4, or 0.11% to Rs 3,653 per quintal in 99,460 lots.
Analysts said besides pick up in demand in the spot market, restricted supplies from producing belts helped chana prices to trade higher at futures trade.
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