Rising demand lifts chana futures by 0.24 pc

Chana prices went up by 0.24 per cent to Rs 4,611 per quintal in futures trade Wednesday after participants created speculative positions, driven by rising demand at the spot market.

At the National Commodity and Derivatives Exchange, Chana for January next year moved up by Rs 11, or 0.24 per cent, to trade at Rs 4,611 per quintal with an open interest of 26,830 lots.

On similar lines, the commodity for far-month March was up by Rs 17, or 0.37 per cent, at Rs 4,630 per quintal in 8,350 lots.

Analysts said, widening of positions by traders following pick-up in demand against restricted supplies mainly led to rise in the prices.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)