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Chana adds 0.62% on pick up in spot demand

Traders build positions on higher offtake

Press Trust of India New Delhi
Last Updated : Feb 12 2014 | 11:55 AM IST
Chana prices rose 0.62 per cent to Rs 2,931 per quintal in futures trading today as speculators enlarged positions, supported by pick up in demand in the spot market.
    
At the National Commodity and Derivative Exchange, chana for delivery in February rose by Rs 18, or 0.62 per cent to Rs 2,931 per quintal with an open interest of 24,210 lots.
     
The March contract edged up by Rs 4, or 0.13 per cent to Rs 3,042 per quintal in 94,040 lots.
    
Analysts said speculators enlarged positions, supported by pick up in demand in the spot market mainly led to rise in chana prices at futures trade.

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First Published: Feb 12 2014 | 11:53 AM IST

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