Chana futures trade higher on spot demand

Chana futures were trading higher on NCDEX as speculators created fresh positions, supported by rising demand in the spot market. Sentiments improved further as a result of the limited stocks due to elections in many states. However, Poor quality of fresh arrivals discouraged millers from buying. The contract for May delivery was trading at Rs 3003.00, up by 0.60% or Rs 18.00 from its previous closing of Rs 2985.00. The open interest of the contract stood at 36570 lots. The contract for June delivery was trading at Rs 3066.00, up by 0.69% or Rs 21.00 from its previous closing of Rs 3045.00. The open interest of the contract stood at 134780 lots on NCDEX.