 "Chana up 1.2% on spot demand")
Chana prices rose 1.21% to Rs 2,840 per quintal in futures market today as speculators created fresh positions, driven by pick up in demand in the spot market in view of festive season.
At the National Commodity and Derivatives Exchange, chana for delivery in October rose by Rs 34, or 1.21% to Rs 2,840 per quintal with an open interest of 10,450 lots.
Likewise, the commodity for delivery in November traded higher by Rs 8, or 0.28% to Rs 2,916 per quintal in 1,09,600 lots.
Analysts said fresh positions built-up by speculators due to pick up in demand in the spot market supported by the festive season, mainly led to the rise in chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in October rose by Rs 34, or 1.21% to Rs 2,840 per quintal with an open interest of 10,450 lots.
Likewise, the commodity for delivery in November traded higher by Rs 8, or 0.28% to Rs 2,916 per quintal in 1,09,600 lots.
Analysts said fresh positions built-up by speculators due to pick up in demand in the spot market supported by the festive season, mainly led to the rise in chana prices.
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