 "Chana up 0.2% as demand picks up")
Chana prices rose by 0.29% to Rs 3,072 per quintal in futures trade today as speculators created fresh positions, supported by rising demand in the spot market.
However, expectations of higher output restricted the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in May rose by Rs 9, or 0.29%, to Rs 3,134 per quintal with an open interest of 89,870 lots.
Analysts said fresh positions built up by speculators after pick up in demand in the spot market mainly led to rise in chana prices at futures trade.
However, expectations of higher output restricted the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in May rose by Rs 9, or 0.29%, to Rs 3,134 per quintal with an open interest of 89,870 lots.
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Similarly, the commodity for delivery in April contract traded higher by Rs 8, or 0.26%, to Rs 3,088 per quintal in 26,760 lots.
Analysts said fresh positions built up by speculators after pick up in demand in the spot market mainly led to rise in chana prices at futures trade.