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Wheat futures gain 0.27% on uptick in demand

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Press Trust of India New Delhi
Last Updated : Jan 23 2017 | 11:42 AM IST
Wheat prices rose 0.27 per cent to Rs 1,865 per quintal in futures trading today as speculators built up fresh positions driven by upsurge in demand at the spot market.
At the National Commodity and Derivatives Exchange, wheat for delivery in February edged higher by Rs 5, or 0.27 per cent, to Rs 1,865 per quintal with an open interest of 4,940 lots.
Analysts said speculative positions created by traders after pick up in demand from flour mills at the spot market helped wheat prices to trade higher at futures trade.

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First Published: Jan 23 2017 | 11:42 AM IST

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