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Chana futures climb 0.43 pc on spot demand

Press Trust of India  |  New Delhi 

Chana prices were higher by 0.43 per cent at Rs 4,266 per in futures trade Tuesday after participants enlarged their portfolios amid pick up in demand from dal mills in the spot markets.

In futures trading at the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 18, or 0.43 per cent, to Rs 4,266 per with an open interest of 1,970 lots.

Similarly, the commodity for November delivery edged higher by Rs 3, or 0.07 per cent, to Rs 4,183 per in 48,730 lots.

Analysts attributed the rise in chana prices in futures trade to widening of positions by speculators, tracking a firm trend at the domestic spot market on strong demand.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 09 2018. 11:45 IST