At the National Commodity and Derivatives Exchange, chana for delivery in November rose sharply by Rs 102, or 2.01 per cent, to Rs 5,162 per quintal, with an open interest of 70,200 lots.
On similar lines, the commodity for delivery in October contracts traded higher by Rs 97, or 1.94 per cent, to Rs 5,089 per quintal in 1,130 lots.
Analysts attributed the rise in chana prices to increased positions built up by speculators, driven by festive season demand in the spot market against restricted supplies from producing belts following lower estimated output.
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