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Chana futures down 2.10% on tepid demand

Press Trust of India  |  New Delhi 

Chana prices slipped 2.10 per cent to Rs 3,721 per in futures trade today as participants reduced exposure following subdued demand at the spot market.

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

At the National Commodity and Derivatives Exchange, chana for delivery in the current month contract declined by Rs 80, or 2.10 per cent, to Rs 3,721 per quintal, with an open interest of 31,250 lots.

The commodity for delivery in far-month April fell by Rs 72, or 1.92 per cent, to trade at Rs 3,666 per with an open interest of 80,960 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: Mon, March 12 2018. 12:35 IST