Easing demand drags chana futures down by 1.27%

Image
Press Trust of India New Delhi
Last Updated : Sep 05 2017 | 12:07 PM IST
Chana prices moved down by 1.27 per cent to Rs 6,161 per quintal in futures trading today as participants reduced their exposure amid easing demand in the spot markets against adequate stocks.
At the National Commodity and Derivatives Exchange, chana for delivery in September declined by Rs 79, or 1.27 per cent to Rs 6,161 per quintal with an open interest of 30,050 lots.
Likewise, the commodity for delivery in October contracts traded lower by Rs 73, or 1.17 per cent to Rs 6,167 per quintal in 30,700 lots.
Market analysts said offloading of positions by traders on the back of sluggish demand in the spot market against sufficient stocks position, mainly pulled down chana prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Sep 05 2017 | 12:07 PM IST

Next Story