Chana futures gain 1.13 pc on rising demand

Chana prices climbed 1.13 per cent to Rs 5,625 per quintal in futures trading today as traders raised bets, taking positive cues from spot market on rising demand.

Besides, pause in supplies from producing regions supported the upmove.

At the National Commodity and Derivatives Exchange, chana for delivery in September shot up by Rs 63, or 1.13 per cent, to Rs 5,625 per quintal with an open interest of 16,440 lots.

On similar lines, the commodity for delivery in October was trading higher by Rs 51, or 0.92 per cent, to Rs 5,569 per quintal in 14,360 lots.

Analysts said widening of positions by participants on the back of strong demand in the physical markets against restricted supplies from producing belts mainly pushed up chana prices at futures trade.

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