 "Chana rises by 0.4% on spot demand")
Chana futures gained 0.41% to Rs 3,695 per quintal today as speculators indulged in creating fresh positions amid improved spot market demand.
Besides, tight stocks position in the physical market on restricted supplies from producing belts supported the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 15, or 0.41%, to Rs 3,695 per quintal with an open interest of 1,79,450 lots.
Analysts said the pick up in demand in spot market, against restricted supplies from producing belts, led to the rise in chana prices at futures trade.
Besides, tight stocks position in the physical market on restricted supplies from producing belts supported the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 15, or 0.41%, to Rs 3,695 per quintal with an open interest of 1,79,450 lots.
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Similarly, the commodity for delivery in May was up by Rs 12, or 0.33%, to Rs 3,700 per quintal in 1,02,170 lots.
Analysts said the pick up in demand in spot market, against restricted supplies from producing belts, led to the rise in chana prices at futures trade.
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