Robust demand lifts chana futures by 1.25%

Chana prices rose by 1.25 per cent to Rs 5,855 per quintal in futures trading today as traders built up fresh positions amid uptick in demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in October shot up by Rs 72, or 1.25 per cent to Rs 5,855 per quintal with an open interest of 18,210 lots.

Likewise, the commodity for delivery in September contracts traded higher by Rs 53, or 0.90 per cent to Rs 5,912 per quintal in 21,980 lots.

Analysts attributed the rise in chana prices in futures trade to fresh positions created by participants after pick up in demand in the spot market.

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