Chana futures down 1.18 pc on tepid demand

Chana prices slipped 1.18 per cent to Rs 3,766 per quintal in futures trade today as participants reduced exposure following subdued demand in spot market.
Profit-booking at existing Levels also weighed on the sentiment.
At the National Commodity and Derivatives Exchange, chana for delivery in March declined by Rs 45, or 1.18 per cent, to Rs 3,766 per quintal, with an open interest of 89,350 lots.
The commodity for delivery in April fell Rs 44, or 1.14 per cent, to Rs 3,804 per quintal, with open interest of 30,970 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 stock positions.