Chana futures up 1.52% on spot demand

Chana prices spurted by 1.52 per cent to Rs 5,152 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in October increased by Rs 77, or 1.52 per cent to Rs 5,152 per quintal with an open interest of 12,270 lots.

Likewise, the commodity for delivery in September shot up by Rs 60, or 1.17 per cent, to Rs 5,182 per quintal in 15,860 lots.

Analysts said fresh positions built up by traders due to rising demand from dal mills in view of festive season amid 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.)