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Upsurge in demand lifts chana futures 1.35%

Press Trust of India  |  New Delhi 

Chana prices moved up by 1.35 per cent to Rs 5,183 per quintal in futures market today as traders built up fresh positions, driven by uptick in demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in October shot up by Rs 69, or 1.35 per cent to Rs 5,183 per quintal with an open interest of 2840 lots.

Similarly, the commodity for delivery in November traded marginally higher by Rs 10, or 0.20 per cent to Rs 5,130 per quintal in 46,450 lots.

Analysts fresh positions created by traders after pick up in demand in the physical market against restricted arrivals from producing regions, mainly attributed the rise in chana prices at futures trade.

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

First Published: Thu, October 12 2017. 11:22 IST