Chana slips 0.14% as speculators offload positions

Sluggish spot market demand triggered the downtrend

Chana futures extended losses for the second day and shed 0.14% to Rs 3,576 per quintal today.

At the National Commodity and Derivatives Exchange, the April contract declined by Rs 5, or 0.14% to Rs 3,576 per quintal in 44,930 lots.

The January contract shed Rs 4, or 0.10% to Rs 3,919 per quintal in 55,870 lots.

Analysts said chana futures slipped further as speculators offloaded their positions alongside sluggish spot market demand.