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Robust demand lifts chana futures 1.63 pc

Press Trust of India  |  New Delhi 

Chana prices shot up by 1.63 per cent to Rs 5,348 per quintal in futures trade today as traders built up fresh positions, driven by soaring demand in the spot market.

Some enquiries from dal mills and restricted supplies from producing belts also supported the upmove.

At the National Commodity and Derivatives Exchange, chana for delivery in October jumped up by Rs 86, or 1.63 per cent, to Rs 5,348 per quintal with an open interest of 6,520 lots.

Similarly, the commodity for delivery in November gained Rs 79, or 1.50 per cent to Rs 5,348 per quintal in 30,880 lots.

Analysts attributed the sharp rise in chana prices in futures trade to fresh positions created by traders on the back of strong demand in the physical market against restricted arrivals from producing regions.

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

First Published: Mon, October 09 2017. 11:13 IST