Chana futures up on spot demand, tight supply
Analysts said the rise in chana futures was mostly attributed to fresh positions created by speculators and pick-up in demand at spot markets.
By PTI | Updated:
NEW DELHI: Chana prices gained Rs 20 to Rs 4,053 per quintal in futures trade today as speculators enlarged their positions, tracking a firming trend at spot market on pick-up in demand amid decline in arrivals from producing belts.
At the National Commodity Derivatives Exchange, chana for delivery in June rose by Rs 20, or 0.50 per cent, to Rs 4,053 per quintal, with an open interest of 17,540 lots.
Likewise, the commodity for delivery in July moved up by Rs 20, or 0.49 per cent, to Rs 4,117 per quintal in 1,04,430 lots.
Analysts said the rise in chana futures was mostly attributed to fresh positions created by speculators and pick-up in demand at spot markets.
At the National Commodity Derivatives Exchange, chana for delivery in June rose by Rs 20, or 0.50 per cent, to Rs 4,053 per quintal, with an open interest of 17,540 lots.
Likewise, the commodity for delivery in July moved up by Rs 20, or 0.49 per cent, to Rs 4,117 per quintal in 1,04,430 lots.
Analysts said the rise in chana futures was mostly attributed to fresh positions created by speculators and pick-up in demand at spot markets.
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