Business Standard

Chana up 0.6% on spot demand

Commodity for delivery in February gained 0.49%

Press Trust of India New Delhi
Chana prices rose by 0.62% to Rs 3,221 per quintal in futures market today as speculators created fresh positions on improvement in demand in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in April rose by Rs 20, or 0.62%, to Rs 3,221 per quintal with an open interest of 68,200 lots.

Similarly, the commodity for delivery in February gained Rs 15, or 0.49%, to Rs 3,068 per quintal in 83,850 lots.

Analysts said speculators created fresh positions on an improvement in demand in the spot market which led to rise in chana prices at futures market.

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First Published: Jan 23 2014 | 1:24 PM IST

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