 "Chana gains 1.1% on spot demand")
Chana prices gained 1.15% to Rs 3,603 per quintal in futures market today as speculators enlarged positions amid pick-up in demand in spot market against tight supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in April shot up by Rs 41, or 1.15%, to Rs 3,603 per quintal with an open interest of 82,330 lots.
Similarly, the commodity for delivery in February traded higher by Rs 19, or 0.54%, to Rs 3,522 per quintal in 1,10,330 lots.
Analysts said apart from pick-up in demand in the spot market, 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 April shot up by Rs 41, or 1.15%, to Rs 3,603 per quintal with an open interest of 82,330 lots.
Similarly, the commodity for delivery in February traded higher by Rs 19, or 0.54%, to Rs 3,522 per quintal in 1,10,330 lots.
Analysts said apart from pick-up in demand in the spot market, tight stocks position on restricted supplies from producing belts led to the rise in chana prices at futures trade.