Chana futures extend gain, up 0.66% on increased demand

Rising for the third day, chana prices advanced by 0.66 per cent to Rs 5,004 per quintal in futures trading today as participants engaged in enlarging their positions,tracking a firm trend at spot market on rising demand.
Fresh enquiries from dal mills also supported the upmove.
At the National Commodity and Derivatives Exchange, chana for delivery in November rose by Rs 33, or 0.66 per cent to Rs 5,004 per quintal with an open interest of 12050 lots.
Likewise, the commodity for delivery in December contracts traded higher by Rs 26, or 0.54 per cent to Rs 4,809 per quintal in 30,980 lots.

Analysts said raising of bets by traders due to pick-up in demand in the physical market against tight stocks position on restricted supplies from producing regions, mainly kept chana prices higher at futures trade.