Business Standard

Chana up 0.1% on spot demand

Restricted arrivals in the physical market also influenced the market sentiment

Press Trust of India New Delhi
Chana prices inched up by 0.12% to Rs 3,212 per quintal in futures trading today as speculators created fresh positions supported by a better demand in the spot market.

Restricted arrivals in the physical market also influenced the market sentiment.

At the National Commodity and Derivatives Exchange, chana for delivery in October traded higher by Rs 4, or 0.12% to Rs 3,212 per quintal in an open interest of 82,520 lots.

Similarly, chana for September contract rose by Re 1, or 0.03% to Rs 3,137 per quintal in 1,32,630 lots.

Traders said speculators created fresh positions, supported by a mild demand in the spot market following festive season, helped chana prices to trade marginally higher at futures trade.

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First Published: Aug 26 2013 | 1:21 PM IST

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