Chana futures climb 2.45 pc on speculators' buying

Chana prices surged by 2.45 per cent to Rs 3,808 per quintal in futures trade today as speculators created fresh positions, driven by uptick in demand from dal mills at the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in March shot up by Rs 91, or 2.45 per cent, to Rs 3,808 per quintal with an open interest of 89,430 lots.
Similarly, the commodity for delivery in April was trading higher by Rs 92, or 2.45 per cent, to Rs 3,845 per quintal in 30,270 lots.
Analysts attributed the rise in chana prices in futures trade to fresh positions built up by participants amid uptick in demand in the physical market.