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Spot demand lifts chana futures by 0.46%

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Press Trust of India New Delhi
Last Updated : May 03 2016 | 11:57 AM IST
Amid pick up in demand at the domestic spot market and restricted supplies from producing regions, chana prices were higher by 0.46 per cent to Rs 5,408 per quintal in futures trade today as traders built up fresh positions.
At the National Commodity and Derivatives Exchange, chana for delivery in May spurted by Rs 25, or 0.46 per cent, to Rs 5,408 per quintal, with an open interest of 17,590 lots.
Likewise, the commodity for delivery in June edged up by Rs 12, or 0.22 per cent, to Rs 5,514 per quintal in 3,370 lots.
Analysts attributed the rise in chana prices to improved demand in the spot market against restricted supplies from producing regions but gains were capped after the government's measures to check rising prices, they said.

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First Published: May 03 2016 | 11:57 AM IST

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