Uptick in demand lifts chana futures by 0.83%

Amid pick up in domestic demand and restricted supplies from producing regions, chana traded higher by 0.83 per cent to Rs 5,700 per quintal in futures trading today.
At the National Commodity and Derivatives Exchange, chana for delivery in far-month June rose by Rs 47, or 0.83 per cent, to Rs 5,700 per quintal, with an open interest of 19,460 lots.
On similar lines, the commodity for delivery in May gained Rs 46, or 0.82 per cent, to Rs 5,651 per quintal in 960 lots.
Analysts attributed the rise in chana futures to pick up in demand in the spot market against restricted supplies from producing regions.

However, the government's measures to check rising prices capped the rise, they said.