Chana prices advanced 0.63 per cent to Rs 4,478 per quintal on the first trading day of 2016 in futures trade today as participants engaged in enlarging their positions, taking positive cues from spot market on upsurge in demand.
At the National Commodity and Derivatives Exchange, chana for delivery in far-month April gained Rs 28, or 0.63 per cent, to Rs 4,478 per quintal, with an open interest of 19,140 lots.
Similarly, the commodity for delivery in January went up by Rs 23, or 0.48 per cent, to Rs 4,830 in 12,940 lots.
Analysts said participants enlarged positions on the back of strong demand in the spot market kept chana prices higher but expectations of increased supplies following recent raids by the authorities on pulses hoarders capped the gain.
