 "Chana gains by 0.7% on spot demand")
Chana prices were up 0.70% to Rs 3,001 per quintal in futures trade today as speculators created fresh positions, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 21, or 0.70% to Rs 3,001 per quintal with an open interest of 72,080 lots.
Similarly, the commodity for delivery in January next year contracts traded higher by Rs 18, or 0.59% to Rs 3,063 per quintal in 6,560 lots.
Analysts said fresh positions built-up by speculators after a pick up in demand at the spot market against restricted arrivals from producing belts, mainly led to the rise in chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 21, or 0.70% to Rs 3,001 per quintal with an open interest of 72,080 lots.
Similarly, the commodity for delivery in January next year contracts traded higher by Rs 18, or 0.59% to Rs 3,063 per quintal in 6,560 lots.
Analysts said fresh positions built-up by speculators after a pick up in demand at the spot market against restricted arrivals from producing belts, mainly led to the rise in chana prices.