Business Standard

Chana up 0.44% as demand rises

Traders create fresh positions as offtake in sport market improves

Press Trust of India New Delhi
Chana prices edged higher 0.44 per cent to Rs 2,958 per quintal in futures trade today as speculators created fresh positions, following a pick-up in demand in the spot markets.

At the National Commodity and Derivatives Exchange, chana for delivery in October rose Rs 13, or 0.44 per cent to Rs 2,958 per quintal with an open interest of 71,550 lots.

The September contract gained Rs 8, or 0.28 per cent to Rs 2,871 per quintal in 1,35,670 lots.

Analysts said fresh positions built-up by speculators on the back of a rise in demand in the spot market mainly helped chana prices to trade higher at futures trade.

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

First Published: Aug 26 2014 | 11:55 AM IST

Explore News