Chana prices went up by 1.50 per cent to Rs 4,038 per quintal in futures market Thursday as traders increased their holdings on account of rising demand at domestic spot market.
Besides, restricted arrivals of the commodity in the physical market influenced the prices.
At the National Commodity and Derivatives Exchange, chana for delivery in October was trading higher by Rs 60, or 1.50 per cent, to Rs 4,038 per quintal with an open interest of 52,890 lots.
Likewise, the commodity for November gained Rs 55, or 1.37 per cent, to Rs 4,069 per quintal in 22,890 lots.
Traders said widening of bets by speculators, tracking a rising demand from millers against tight supplies from growing regions at the domestic spot market, led to the rise in chana prices in futures trade here.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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