Chana down on profit-booking

Chana futures prices fell by Rs 16 to Rs 3,569 per 100 kg today, as speculators booked profits, triggered by subdued demand in the spot market.

At the National Commodity and Derivative Exchange, October chana fell by Rs 16, or 0.45%, to Rs 3,569 per 100 kg, with an open interest of 3,11,930 lots.

The November contract eased by Rs 11, or 0.30%, to Rs 3,661 per 100 kg, with an open interest of 1,46,050 lots.

Market analysts said subdued demand against adequate supplies in the physical market mainly led to the fall in chana futures prices.