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Chana moves up 0.2% in trade

Chana for delivery in the June contract edged up by 0.03%

Press Trust of India New Delhi
Chana prices moved up by Rs 9 to Rs 3,234 per quintal in futures trading today as speculators created fresh positions on expectations of a rise in demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in July moved up by Rs 9, or 0.28%, to Rs 3,234 per quintal with an open interest of 171,380 lots.

Similarly, chana for delivery in the June contract edged up by Re one, or 0.03%, to Rs 3,194 per quintal in 1,860 lots.

Analysts said speculators created fresh positions on hopes a rise in demand in the spot market mainly helped chana prices to trade higher at futures trade.
 

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First Published: Jun 18 2013 | 1:36 PM IST

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