 "Chana down 1.6% on profit-booking")
Chana prices were down by 1.60 per cent to Rs 4,430 per quintal in futures trade today as speculators indulged in booking profits after recent gains amid low demand at the spot market.
However, lower output estimates capped the fall.
At the National Commodity and Derivative Exchange, chana for delivery in July was trading lower by Rs 72, or 1.60 per cent to Rs 4,430 per quintal with an open interest of 1,47,700 lots.
Analysts said apart from profit-booking by speculators at existing levels, fall in demand at the spot markets, mainly pulled down chana prices in futures trade.
However, lower output estimates capped the fall.
At the National Commodity and Derivative Exchange, chana for delivery in July was trading lower by Rs 72, or 1.60 per cent to Rs 4,430 per quintal with an open interest of 1,47,700 lots.
Also Read
Likewise, the commodity for delivery in June contracts fell by Rs 61, or 1.36 per cent to Rs 4,421 per quintal in 1,410 lots.
Analysts said apart from profit-booking by speculators at existing levels, fall in demand at the spot markets, mainly pulled down chana prices in futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%