Chana futures remain weak on profit taking

Chana fell further by Rs 10 to Rs 3,136 per quintal in futures trade today on continued profit bookings by speculators, driven by a weak trend at the spot markets on subdued demand. 

At the National Commodity and Derivatives Exchange, chana for August delivery declined by Rs 10, or 0.32%, to Rs 3,136 per quintal, with an open interest of 187,540 lots. 

Similarly, the commodity for September delivery lost Rs 9, or 0.77%, to Rs 3,226 per quintal, with an open interest of 229,640 lots. 

Traders said continued profit-booking by speculators amid a weak trend at the spot markets on subdued demand mainly kept pressure on the chana futures prices.