Chana futures up on better spot demand

NEW DELHI: Chana futures prices today rose by Rs 26 to Rs 4,305 per quintal as speculators enlarged their positions on good demand in the spot market.

Restricted arrivals in the physical market also influenced the chana prices at futures trade.

At the National Commodity Derivatives Exchange, chana for July contract rose by Rs 26, or 0.60 per cent, to Rs 4,305 per quintal, with an open interest of 84,380 lots.

Similarly, the commodity for delivery in August gained Rs 23, or 0.52 per cent, to Rs 4,394 per quintal, with an open interest of 54,850 lots.

Analysts said increased buying by speculators on good demand in the spot market mainly led to rise in chana futures prices.