 "Chana gains by 0.8% on upsurge in spot demand")
Amid rising spot demand and firming trend at producing belts, chana prices moved higher by 0.78% to Rs 3,116 per quintal in futures trade today as speculators enlarged positions.
At the National Commodity and Derivatives Exchange, chana for delivery in January next year moved up by Rs 24, or 0.78%, to Rs 3,116 per quintal with an open interest of 98,380 lots.
Similarly, the commodity for delivery in December contract was up by Rs 22, or 0.73%, to Rs 3,041 per quintal in 17,350 lots.
Analysts said speculators enlarged positions on account of rising demand in the spot market against limited arrivals from the major producing belts, mainly pushed up chana prices at futures trade.
At the National Commodity and Derivatives Exchange, chana for delivery in January next year moved up by Rs 24, or 0.78%, to Rs 3,116 per quintal with an open interest of 98,380 lots.
Similarly, the commodity for delivery in December contract was up by Rs 22, or 0.73%, to Rs 3,041 per quintal in 17,350 lots.
Analysts said speculators enlarged positions on account of rising demand in the spot market against limited arrivals from the major producing belts, mainly pushed up chana prices at futures trade.