Chana up 0.6% on spot demand
Commodity for delivery in August increased by Rs 23, or 0.51%
 "Chana up 0.6% on spot demand")
Chana rose 0.56 per cent to Rs 4,432 per quintal in futures trade today as traders enlarged their holdings, driven by strong demand at the spot market.
Besides, restricted arrivals of the commodity in the physical market influenced the chana prices.
At the National Commodity and Derivatives Exchange, chana for July delivery rose by Rs 25, or 0.56 per cent, to Rs 4,432 per quintal, with an open interest of 3,120 lots.
Traders said widening of positions by speculators triggered by strong demand at the spot market, mainly pushed up chana prices.
Further, fall in supplies from the producing regions of Rajasthan and Madhya Pradesh supported the uptrend.
Besides, restricted arrivals of the commodity in the physical market influenced the chana prices.
At the National Commodity and Derivatives Exchange, chana for July delivery rose by Rs 25, or 0.56 per cent, to Rs 4,432 per quintal, with an open interest of 3,120 lots.
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Similarly, chana for delivery in August increased by Rs 23, or 0.51 per cent, to Rs 4,482 per quintal, with an open interest of 1,54,500 lots.
Traders said widening of positions by speculators triggered by strong demand at the spot market, mainly pushed up chana prices.
Further, fall in supplies from the producing regions of Rajasthan and Madhya Pradesh supported the uptrend.