Business Standard

Chana gains 0.32% on spot demand

Speculators create fresh positions, tracking firm trends at spot markets

Press Trust of India New Delhi
Chana prices rose by Rs 11, or 0.32%, to Rs 3,398 per quintal in futures trade today as speculators created fresh positions, tracking firm trends at spot markets.

At the National Commodity and Derivatives Exchange, chana for delivery in June gained Rs 11, or 0.32%, to Rs 3,398 per quintal, with an open interest of 1,49,630 lots.

The May contract was marginally higher at Rs 3,350 per quintal in 1,940 lots.

Analysts attributed rise in chana prices to firming trend at the spot markets on rising demand.

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First Published: May 20 2013 | 3:59 PM IST

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