Chana prices slipped 0.85 per cent, or Rs 41 down, to close at Rs 4,776 per quintal in futures trade today as participants reduced exposure following subdued demand in the spot market amid adequate stocks.
Profit-booking at the existing higher levels also weighed on the sentiment.
At the National Commodity and Derivatives Exchange, chana for delivery in January declined Rs 41, or 0.85 per cent lower, to close at Rs 4,776 per quintal, with an open interest of 23,900 lots.
Similarly, the commodity for delivery in December fell Rs 28, or 0.57 per cent lower, to end at Rs 4,890 per quintal, with an open interest of 25,480 lots.
Market analysts attributed the fall in chana futures to offloading of positions by traders, taking negative leads from physical markets due to tepid demand against sufficient stocks position.
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