Chana futures fall 0.47% on muted demand

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Press Trust of India New Delhi
Last Updated : Jan 28 2019 | 2:40 PM IST

Chana prices declined 0.47 per cent to Rs 4,196 per quintal in futures trade Monday after participants reduced their exposures amid subdued demand at spot market.

Profit-booking at higher levels also weighed on the sentiment.

At the National Commodity and Derivatives Exchange, chana for delivery in March was trading lower by Rs 20, or 0.47 per cent, to Rs 4,196 per quintal with an open interest of 30,470 lots.

The April rates also fell by Rs 27, or 0.63 per cent, to Rs 4,225 per quintal with an open interest of 14,010 lots.

Marketmen said, trimming of bets by traders on the back of easing demand in physical market against adequate stocks position, mainly led to fall in chana prices.

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First Published: Jan 28 2019 | 2:40 PM IST

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