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Chana futures gain 1.89% on spot demand

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Press Trust of India New Delhi
Chana prices were up by 1.89 per cent to Rs 8,050 per quintal in futures trading today as participants indulged in raising bets, triggered by rising demand at the spot markets.

Besides, tight stocks in the market too influenced chana futures.

At the National Commodity and Derivatives Exchange, chana for delivery in July rose by Rs 149, or 1.89 per cent, to Rs 8.050 per quintal, with an open interest of 2,530 lots.

Analysts said building up of positions by traders amid uptick in demand in the spot market against tight stocks position on restricted supplies from growing regions led to the rise in chana prices at futures trade.
 

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First Published: Jul 07 2016 | 12:28 PM IST

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