Chana prices spurted 4 per cent to hit upper circuit at Rs 7,490 per quintal in futures trade today as participants driven by strong demand at the spot markets amid tight supplies from growing regions.
At the National Commodity and Derivatives Exchange, chana for delivery in August hit upper circuit at Rs 7,490 per quintal, by spurting Rs 288, or 4 per cent, having an open interest of 3,800 lots.
Also, the commodity for delivery in July edged up by Rs 280, or 3.82 per cent, to Rs 7,615 per quintal in 6,600 lots.
Analysts said a firming trend at the spot markets on strong demand mainly influenced chana prices at futures trade.
Meanwhile, Sebi has asked all the commodity derivatives exchanges not to launch new contracts in 'chana' till further orders and also barred participants from taking any new positions.
