Business Standard

Chana futures gain 0.59% on strong demand


Press Trust of India New Delhi
Chana prices went up by 0.59 per cent to Rs 25,255 per quintal in the futures trade Tuesday, as participants enlarged their positions, tracking a firm trend at the spot market on surging demand.
At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 25, or 0.59 per cent, to Rs 4,255 per quintal with an open interest of 1,650 lots.
Analysts said expanding of positions by traders on the back of strong demand in view of the ongoing festive season and increased offtake by dal mills in the physical market mainly attributed the rise in chana prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 29 2019 | 1:40 PM IST

Explore News