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Chana futures rises on spot market demand

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Press Trust of India New Delhi

Chana prices traded higher by Rs 4 to Rs 3,478 per quintal in futures trade today due to pick up in demand in the spot market following the ongoing festive season.

At the National Commodity and Derivatives Exchange, November chana edged up by Rs 4, or 0.12% to Rs 3,478 per quintal with an open interest of 80,660 lots.

The October contract traded higher by Rs 3, or 0.09% to Rs 3,411 per quintal in 271,930 lots.

Traders said speculators said pick up in demand in the spot market due to the ongoing festive season helped chana futures prices to trade higher.

 

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First Published: Sep 12 2011 | 1:48 PM IST

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