 "Chana gains by 0.3% on spot demand")
Chana prices rose 0.26% to Rs 3,083 per quintal in futures market today as traders created fresh positions, supported by a rise in demand in the spot market.
At the National Commodity and Derivative Exchange, chana for delivery in January gained Rs 8, or 0.26% to Rs 3,083 per quintal with an open interest of 72,860 lots.
Similarly, the commodity for delivery in February traded higher by Rs 7, or 0.22% to Rs 3,131 per quintal in 52,510 lots.
Analysts said increased position created by speculators following rise in demand in the spot markets amid limited arrivals from producing regions mainly helped chana prices to trade higher at futures trade.
At the National Commodity and Derivative Exchange, chana for delivery in January gained Rs 8, or 0.26% to Rs 3,083 per quintal with an open interest of 72,860 lots.
Similarly, the commodity for delivery in February traded higher by Rs 7, or 0.22% to Rs 3,131 per quintal in 52,510 lots.
Analysts said increased position created by speculators following rise in demand in the spot markets amid limited arrivals from producing regions mainly helped chana prices to trade higher at futures trade.