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Chana futures dip 1.60 pc on tepid demand

Press Trust of India  |  New Delhi 

Chana prices slipped 1.60 per cent to Rs 3,813 per in futures trade today as participants reduced exposure following subdued demand in the spot market.

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

At the National Commodity and Derivatives Exchange, chana for delivery in April declined by Rs 62, or 1.60 per cent, to trade at Rs 3,813 per quintal, with an open interest of 41,800 lots.

The commodity for delivery in March fell Rs 55, or 1.43 per cent, to trade at Rs 3,779 per quintal, with an open interest of 83,030 lots.

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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 12:50 IST