Don’t miss the latest developments in business and finance.

Chana futures climb 1.43% on robust demand

Image
Press Trust of India New Delhi
Last Updated : Aug 09 2017 | 12:57 PM IST
Chana prices rose 1.43 per cent to Rs 5,155 per quintal in futures trade today as traders created more positions, supported by the soaring demand from dal mills in the spot market amid restricted supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in far-month October advanced Rs 74, or 1.43 per cent, to Rs 5,155 per quintal with an open interest of 13,070 lots.
Similarly, the commodity for delivery in September edged higher by Rs 73, or 1.41 per cent, to Rs 5,230 per quintal in 17,550 lots.
Analysts attributed the persistent rise in chana prices in futures trade to widening of positions by speculators, tracking a firm trend at the domestic spot market on strong demand.

Also Read

First Published: Aug 09 2017 | 12:57 PM IST

Next Story