Chana futures up as spot demand picks up
At the National Commodity and Derivatives Exchange, chana for August delivery rose by Rs 49, or 1.04 per cent, to Rs 4,779 per quintal.
By PTI | Updated:
NEW DELHI: Chana rose further 1.04 per cent to Rs 4,779 per quintal in futures trade today as traders widened their holdings, triggered by rising demand at the spot markets.
Moreover, restricted supplies from producing belts coupled with lower estimated output too supported the uptrend.
At the National Commodity and Derivatives Exchange, chana for August delivery rose by Rs 49, or 1.04 per cent, to Rs 4,779 per quintal, with an open interest of 3,750 lots.
Similarly, chana for delivery in September was higher by Rs 42, or 0.89 per cent, to Rs 4,769 per quintal, with an open interest of 1,58,120 lots.
Traders said rising demand at domestic spot markets mainly supported the upside in chana futures here.
Moreover, restricted supplies from producing belts coupled with lower estimated output too supported the uptrend.
At the National Commodity and Derivatives Exchange, chana for August delivery rose by Rs 49, or 1.04 per cent, to Rs 4,779 per quintal, with an open interest of 3,750 lots.
Similarly, chana for delivery in September was higher by Rs 42, or 0.89 per cent, to Rs 4,769 per quintal, with an open interest of 1,58,120 lots.
Traders said rising demand at domestic spot markets mainly supported the upside in chana futures here.
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