 "Chana gains by 0.2% on pick up in demand")
Chana prices were higher by 0.26% to Rs 3,115 per quintal in futures trade today as traders created fresh positions after demand picked up in the spot market, driven by ongoing wedding season.
Further, expectations of lower output also influenced chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in December month rose by Rs 8, or 0.26% to Rs 3,115 per quintal with an open interest of 80,720 lots.
Analysts said besides pick up in demand in the spot market triggered by ongoing wedding season, restricted arrivals from producing belts mainly led to the rise in chana prices at futures trade.
Further, expectations of lower output also influenced chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in December month rose by Rs 8, or 0.26% to Rs 3,115 per quintal with an open interest of 80,720 lots.
Also Read
Likewise, the commodity for delivery in January next year edged higher by Rs 6, or 0.19% to Rs 3,137 per quintal in 44,870 lots.
Analysts said besides pick up in demand in the spot market triggered by ongoing wedding season, restricted arrivals from producing belts mainly led to the rise in chana prices at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%