Chana futures fall 2 pc on tepid demand

Chana prices slipped 2.03 per cent, or Rs 97 down, to Rs 4,680 per quintal in futures trade today as participants reduced exposure following subdued demand in the spot market amid adequate stocks.
Profit-booking at the existing higher levels also weighed on the sentiment.
In futures trading at the National Commodity and Derivatives Exchange, chana for delivery in January declined Rs 97, or 2.03 per cent lower, to Rs 4,680 per quintal, with an open interest of 30,300 lots.
Similarly, the commodity for delivery in December fell Rs 81, or 1.69 per cent lower, to Rs 4,705 per quintal, with an open interest of 22,140 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.