Chana futures down 3.04 pc on tepid demand

Chana prices slipped 3.04 per cent to close at Rs 6,050 per quintal in futures trade today as participants reduced their exposure following subdued demand in the spot market amid adequate stocks.
Profit-booking at existing higher levels also weighed on investor sentiment.
At the National Commodity and Derivatives Exchange, chana for delivery in the current month declined by Rs 190, or 3.04 per cent, to close at Rs 6,050 per quintal, with an open interest of the contract 8,810 lots.
Similarly, the commodity for delivery in October contract fell Rs 161, or 2.58 per cent, to finish at Rs 6,079 per quintal, with open interest of 30,810 lots.

Market 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.