 "Chana trade higher by 0.7% on high buying activity")
Chana rose by Rs 25 to Rs 3,151 per quintal in futures trade today as traders enlarged their holdings on account of the good demand in the spot market.
Restricted arrivals of the commodity in the physical market against festival buying somehow capped the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in November rose by Rs 25, or 0.79%, to Rs 3,151 per quintal, with an open interest of 77,710 lots.
Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals of the commodity in the physical market.
Restricted arrivals of the commodity in the physical market against festival buying somehow capped the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in November rose by Rs 25, or 0.79%, to Rs 3,151 per quintal, with an open interest of 77,710 lots.
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Similarly, chana prices for delivery in October traded higher by Rs 19, or 0.62%, to Rs 3,062 per quintal, with an open interest of 1,58,560 lots.
Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals of the commodity in the physical market.