Chana futures fall 1.66% on muted demand

Chana prices fell 1.66 per cent to Rs 4,512 per quintal in futures trade Monday after participants reduced their exposure amid subdued demand at spot market.

Profit-booking at higher levels also weighed on the sentiment.

At the National Commodity and Derivatives Exchange, chana for delivery in July was trading lower by Rs 76, or 1.66 per cent, to Rs 4,512 per quintal with an open interest of 620 lots.

The June rates also fell by Rs 66, or 1.46 per cent, to Rs 4,461 per quintal with an open interest of 34,580 lots.

Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to the fall in chana prices here.