 "Chana extends losses, down 0.59%")
Continuing its slide for the second day, chana prices fell further by 0.59% to Rs 4,741 per quintal in futures market today as participants reduced holdings, prompted by higher supplies from producing belts.
However, lower output estimates capped the losses.
At the National Commodity and Derivative Exchange, chana for delivery in July contracts declined Rs 28, or 0.59%, to Rs 4,741 per quintal with an open interest of 1,83,850 lots.
On similar lines, the commodity for delivery in June contracts shed Rs 16, or 0.35% , to Rs 4,621 per quintal in 46,150 lots.
Besides, subdued demand in the spot market mainly kept pressure on chana prices, analysts said.
However, lower output estimates capped the losses.
At the National Commodity and Derivative Exchange, chana for delivery in July contracts declined Rs 28, or 0.59%, to Rs 4,741 per quintal with an open interest of 1,83,850 lots.
ALSO READ: Chana down 0.8% on rise in supply
On similar lines, the commodity for delivery in June contracts shed Rs 16, or 0.35% , to Rs 4,621 per quintal in 46,150 lots.
Besides, subdued demand in the spot market mainly kept pressure on chana prices, analysts said.
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