Chana up 0.7% on better spot demand

Chana for delivery in July gained 0.74%

Chana prices rose by Rs 25 to Rs 3,189 per quintal in futures trade today as speculators enlarged their positions on good demand in the spot market.

At the National Commodity Derivatives Exchange, chana for August contract rose by Rs 25, or 0.79%, to Rs 3,189 per quintal, with an open interest of 1,43,620 lots.

Similarly, chana for delivery in July gained Rs 23, or 0.74%, to Rs 3,117 per quintal, with an open interest of 87,510 lots.

Analysts said increased buying by speculators on good demand in the spot market mainly led to a rise in chana futures prices.