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Chana remains up by 0.29%

Hopes of higher output limited the gain

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Chana prices gained for the second straight day by adding Rs 11 to Rs 3,863 per quintal in futures trade today.

However, expectations of higher output limited the gain.

At the National Commodity and Derivatives Exchange, the January contract added Rs 11, or 0.29% to Rs 3,863 per quintal in 64850 lots.

Similarly, the April contract edged up by Rs 2, or 0.06% to Rs 3,554 per quintal in 43,400 lots.

Market analysts said increased buying by speculators and rising spot market demand kept chana futures remain higher.

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First Published: Jan 01 2013 | 12:15 PM IST

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