Chana prices shot up by Rs 82 to Rs 3,202 per quintal in futures trade today as traders enlarged their positions, driven by a firming trend in the spot market on strong demand due to the ongoing festive season.
At the National Commodity and Derivatives Exchange, September chana shot up by Rs 82, or 2.63%, to Rs 3,202 per quintal with an open interest for 318,870 lots.
October contract jumped by Rs 81, or 2.52%, to Rs 3,292 per quintal in 124,160 lots.
Analysts said increased buying by traders, driven by strong demand in the spot market amid the ongoing festive season, mainly led to the rise in chana futures prices.
