Chana futures dip 1.64 pc on tepid demand

Image
Press Trust of India New Delhi
Last Updated : Jan 01 2018 | 6:00 PM IST
Chana prices slipped 1.64 per cent to close at Rs 3,949 per quintal in futures trade today as participants reduced exposure following subdued demand in spot market.
Profit-booking at existing higher levels also weighed on the sentiment.
In futures trading, at the National Commodity and Derivatives Exchange, chana for delivery in current month declined by Rs 66, or 1.64 per cent, to close at Rs 3,949 per quintal, with an open interest of 29,350 lots.
The commodity for delivery in March fell Rs 54, or 1.41 per cent, to finish at Rs 3,770 per quintal, with an open interest of 78,400 lots.
Analysts attributed the fall in chana futures to offloading of positions by traders, taking negative leads from physical markets due to tepid demand against sufficient stocks position.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 01 2018 | 6:00 PM IST

Next Story