 "Chana up 1% as spot demand picks up")
Chana rose further 1.04 per cent to Rs 4,779 per quintal in futures trade today as traders widened their holdings, triggered by rising demand at the spot markets.
Moreover, restricted supplies from producing belts coupled with lower estimated output too supported the uptrend.
At the National Commodity and Derivatives Exchange, chana for August delivery rose by Rs 49, or 1.04 per cent, to Rs 4,779 per quintal, with an open interest of 3,750 lots.
Traders said rising demand at domestic spot markets mainly supported the upside in chana futures here.
Moreover, restricted supplies from producing belts coupled with lower estimated output too supported the uptrend.
At the National Commodity and Derivatives Exchange, chana for August delivery rose by Rs 49, or 1.04 per cent, to Rs 4,779 per quintal, with an open interest of 3,750 lots.
Also Read
Similarly, chana for delivery in September was higher by Rs 42, or 0.89 per cent, to Rs 4,769 per quintal, with an open interest of 1,58,120 lots.
Traders said rising demand at domestic spot markets mainly supported the upside in chana futures here.
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%