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Chana futures gain 1.05 pc on rising demand

Press Trust of India  |  New Delhi 

Chana prices went up by 1.05 per cent to Rs 6,150 per quintal in futures trade today as participants enlarged positions, taking positive leads from spot market on firm demand.

At the National Commodity and Derivatives Exchange, chana for delivery in November climbed by Rs 64, or 1.05 per cent, to Rs 6,150 per quintal with an open interest of 29,570 lots.

Likewise, the commodity for delivery in October traded higher by Rs 17, or 0.27 per cent, to Rs 6,283 per quintal in 32,970 lots.

Analysts said, widening of positions by participants on the back of strong demand in the physical market against restricted supplies from producing belts, mainly pushed up chana prices at futures trade.

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

First Published: Fri, September 15 2017. 11:32 IST