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Chana marginally up by 0.1% on spot demand

Speculators created fresh positions amid spot demand

Press Trust of India New Delhi
Chana traded marginally up by 0.1% to Rs 2,869 per quintal in futures trade today as speculators created fresh positions amid spot demand.

At the National Commodity and Derivatives Exchange, chana for delivery in August rose by Rs 3, or 0.10%, to Rs 2,869 per quintal with an open interest of 9,980 lots.

Likewise, the commodity for delivery in September edged higher by Re 1, or 0.03%, to Rs 2,890 per quintal in 1,68,170 lots.

Analysts said fresh positions built-up by speculators after demand picked up in the spot market helped chana prices to trade marginally higher at futures trade.

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First Published: Aug 18 2014 | 12:30 PM IST

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