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Chana futures extend gain, surge 1.82%

Press Trust of India  |  New Delhi 

Chana prices surged 1.82 per cent to Rs 3,977 per in futures market today as participants raised bets following an increase in demand from dal mills in spot markets.

At the National Commodity and Derivatives Exchange, chana for delivery in January rose Rs 71, or 1.82 per cent, to Rs 3,977 per with an open interest of 5,260 lots.

Similarly, the commodity for delivery in March contracts was trading higher by Rs 38, or 0.99 per cent, at Rs 3,869 per in 78,910 lots.

Traders said expansion of positions by participants backed by pick-up in demand from dal mills in the spot market amid pause in arrivals from producing belts kept chana prices higher.

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

First Published: Thu, January 11 2018. 11:00 IST