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Chana futures up 0.73% on spot demand

Press Trust of India  |  New Delhi 

Chana prices rose by 0.73 per cent to Rs 4,225 per in futures trade today as traders enlarged their holdings on account of the rising demand in the spot market.

Besides, the restricted arrivals of the commodity in the physical market also influenced the chana prices.

At the National Commodity and Derivatives Exchange, chana for delivery in September was trading higher by Rs 31, or 0.73 per cent, to Rs 4,225 per with an open interest of 82,090 lots.

Likewise, the commodity for delivery this month gained Rs 26, or 0.62 per cent, to Rs 4,180 per in 24,340 lots.

Traders said speculators increasing their holdings on hopes of a rise in spot market demand, mainly pushed up chana prices.

They said enquiries by millers at lower levels against fall in supply from the producing regions of and further supported the uptrend.

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

First Published: Thu, August 09 2018. 12:10 IST