Don’t miss the latest developments in business and finance.

Chana futures remain up on sustained buying

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:52 AM IST

Chana prices rose by Rs 22, or 1.00 per cent, to Rs 2,215 per quintal in futures market today on sustained buying by traders.

Restricted arrivals from producing belts also influenced the trading sentiment. At the Multi Commodity Exchange, chana for May contract rose by Rs 22, or 1.00 per cent, to Rs 2,215 per quintal, with an open interest of 836 lots.

Similarly, the commodity for delivery in June contract gained Rs 6, or 0.27 per cent, to Rs 2,216 per quintal, with a business turnover of 446 lots.

Marketmen said sustained buying by traders following pick up demand in the spot market helped chana prices to strengthen. However, estimates of higher output restricted the gains to some extent, they said.

Also Read

First Published: May 20 2010 | 1:55 PM IST

Next Story