Robust demand lifts chana futures 0.68%
Chana prices went up by 0.68 per cent to Rs 5,638 per quintal in futures trade today as demand picked up in the spot market.
Tight stock position as a result of fall in arrivals from producing belts fuelled the uptrend.
At National Commodity and Derivatives Exchange, chana for delivery in October rose by Rs 38, or 0.68 per cent, to Rs 5,638 per quintal with an open interest of 13,790 lots.
The commodity for delivery in November contracts gained Rs 27, or 0.48 per cent, to Rs 5,640 per quintal in 27,160 lots.
Analysts attributed the rise in chana prices to fresh positions created by traders due to uptick in demand in the physical market against restricted supplies from producing regions.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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