Chana futures fall 1.15% on profit taking

In restricted activity, chana prices declined by Rs 30 to Rs 2,581 per quintal in futures trading today as speculators booked profits at higher levels, driven by subdued demand in the spot market.

At the Multi Commodity Exchange counter, chana for delivery in January declined by Rs 30, or 1.15 per cent, to Rs 2,581 per quintal, with an open interest of just one lot. 

Market analysts said, besides profit taking by speculators, fall in demand in the spot market, led to decline in chana futures prices.