Chana prices spurted by 2.49 per cent to Rs 4,193 per quintal in futures trade Monday after speculators created huge positions amid a firm trend at spot markets on rising demand.
Fresh enquiries from dal mills too supported the upmove.
At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 102, or 2.49 per cent, to Rs 4,193 per quintal with an open interest of 46,170 lots.
Likewise, the commodity for delivery in November traded higher by Rs 100, or 2.47 per cent to Rs 4,144 per quintal in 27,390 lots.
Analysts said speculative positions built up by participants following strong demand in the physical markets against tight stocks, mainly lifted chana prices higher.
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