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Chana up by 0.5% on spot demand

Rise in demand influenced chana prices

Press Trust of India New Delhi
Chana prices rose by 0.48% to Rs 2,696 per quintal in futures market today as speculators created fresh positions amid rising demand in the spot market.
 
At the National Commodity Derivatives Exchange, chana for for delivery in September month rose by Rs 13, or 0.48%, to Rs 2,696 per quintal with an open interest of 97,400 lots.
 
Likewise, the commodity for delivery in August edged up by Rs 2, or 0.08% to Rs 2,639 per quintal in 1,48,060 lots.
 
Analysts said fresh positions created by speculators following a rise in demand in the spot market mainly influenced chana prices at futures trade.
 

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First Published: Jul 26 2013 | 12:28 PM IST

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