Business Standard

Chana futures rises 1.33% on pick-up in demand

Image

Press Trust of India New Delhi
Chana prices were up 1.33 per cent to Rs 5,772 per quintal in futures trade today as participants created fresh positions, driven by pick-up in demand at the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in May rose by Rs 76 or 1.33 per cent to Rs 5,772 per quintal, with an open interest of 330 lots.

On similar lines, the commodity for delivery in June edged up by Rs 32 or 0.55 per cent to Rs 5,824 per quintal in 18,490 lots.

Analysts said fresh positions built up by traders on the back of pick up in demand in the spot market led to the rise in chana prices at futures trade.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 16 2016 | 12:07 PM IST

Explore News