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Chana up 0.6% as demand picks up

Commodity for delivery in August edged up by 0.58%

Press Trust of India New Delhi
Chana rose 0.63% to Rs 2,870 per quintal in futures trade today as speculators created fresh positions amid pick-up in demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in September gained Rs 18, or 0.63% to Rs 2,870 per quintal with an open interest of 1,35,010 lots.

Similarly, the commodity for delivery in August edged up by Rs 16, or 0.58% to Rs 2,791 per quintal in 67,620 lots.

Analysts said fresh positions built-up by speculators after demand picked up in the spot market, mainly led to the rise in chana prices at futures trade.
 

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First Published: Aug 07 2014 | 12:06 PM IST

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