 "Chana gains by 0.4% on pick-up in demand")
Chana prices gained 0.44% to Rs 3,451 per quintal in futures trading today as speculators indulged in creating fresh positions amid pick-up in demand in spot market against tight supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in February rose by Rs 15, or 0.44%, to Rs 3,451 per quintal with an open interest of 1,22,080 lots.
Likewise, the commodity for delivery in April moved up by Rs 14, or 0.40%, to Rs 3,547 per quintal in 1,17,590 lots.
Analysts said pick-up in demand in spot market against tight stocks position on restricted supplies from producing belts led to the rise in chana prices at futures trade.
At the National Commodity and Derivatives Exchange, chana for delivery in February rose by Rs 15, or 0.44%, to Rs 3,451 per quintal with an open interest of 1,22,080 lots.
Likewise, the commodity for delivery in April moved up by Rs 14, or 0.40%, to Rs 3,547 per quintal in 1,17,590 lots.
Analysts said pick-up in demand in spot market against tight stocks position on restricted supplies from producing belts led to the rise in chana prices at futures trade.
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