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Chana futures climb 2% on robust demand

Press Trust of India  |  New Delhi 

Chana prices rose 2 per cent to Rs 4,751 per quintal in futures trade today as traders created more positions, supported by soaring demand from dal mills in the spot market amid restricted supplies.

At the National Commodity and Derivatives Exchange, chana for delivery in December advanced Rs 93, or 2 per cent, to Rs 4,751 per quintal with an open interest of 32,410 lots.

Similarly, the commodity for delivery in the current month edged higher by Rs 50, or 1.04 per cent, to Rs 4,823 per quintal in 5,100 lots.

Analysts attributed the persistent 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: Mon, November 13 2017. 11:57 IST