Chana up 0.5% on firm trend

Commodity for delivery in December gained 0.58%,

Chana prices extended gains for the third straight session by gaining 0.59% to Rs 3,081 per quintal in futures trade today as speculators enlarged their positions, tracking a firm trend at spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in November shot up by Rs 18, or 0.59%, to Rs 3,081 per quintal with an open interest of 1,03,940 lots.

Similarly, the commodity for delivery in December gained Rs 18, or 0.58%, to Rs 3,142 per quintal in 52,060 lots.

Market analysts said speculators enlarged their positions, tracking a firming trend at spot market on strong demand mainly led an upside movements in chana prices in futures trade.