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Chana futures dip 3.63 pc on tepid demand

Press Trust of India  |  New Delhi 

Chana prices slipped 3.63 per cent to close at Rs 4,560 per quintal in futures trade today as participants reduced exposure following subdued demand in spot market.

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

In futures trading, at the National Commodity and Derivatives Exchange, chana for delivery in current month declined by Rs 172, or 3.63 per cent, to close at Rs 4,560 per quintal, with an open interest of 16,810 lots.

The commodity for delivery in January fell Rs 163, or 3.46 per cent, to finish at Rs 4,552 per quintal, with open interest of 36,010 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: Fri, December 01 2017. 17:45 IST