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Chana up 0.3% as demand picks up

Commodity for delivery in May gained 0.27%

Press Trust of India New Delhi
Last Updated : May 12 2014 | 12:16 PM IST
Chana prices moved up by 0.33% to Rs 3,064 per quintal in futures market today as speculators enlarged positions, driven by pick up in demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in June moved up by Rs 10, or 0.33% to Rs 3,064 per quintal with an open interest of 1,43,320 lots.

Similarly, the commodity for delivery in May gained Rs 8, or 0.27% to Rs 2996 per quintal in 24,130 lots.

Analysts said fresh positions built-up by speculators driven by rising demand in the spot market, influenced chana prices at futures trade.

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First Published: May 12 2014 | 11:34 AM IST

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