Chana up 0.3% on pick up in demand

Chana prices were up by 0.26% to Rs 4,273 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 April rose by Rs 11, or 0.26%, to Rs 4,273 per quintal, with an open interest of 26,820 lots.

On similar lines, the commodity for delivery in far-month May edged up by Rs 7, or 0.16%, to Rs 4,325 per quintal in 5,420 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.