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Chana up 0.8% on high buying activity

Restricted supplies in spot market supported the trade

Press Trust of India New Delhi
Chana prices rose by Rs 25 to Rs 3,213 per quintal in futures trade today as traders enlarged their holdings on rising demand against restricted supplies in the spot market.

However, estimates of higher production this season capped the gains to some extent.

At the National Commodity and Derivatives Exchange (NCDEX), the June contract rose by Rs 25, or 0.78%, to Rs 3,213 per quintal in 56,120 lots.

The July contract rose by Rs 21, or 0.64%, to Rs 3,283 per quintal in 1,47,510 lots.

Traders said speculators increasing their holdings on rise in spot market demand against restricted arrivals of the commodity in the physical market.

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First Published: Jun 04 2013 | 2:06 PM IST

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