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Chana futures fall 0.81% on muted demand

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Press Trust of India New Delhi

Chana prices declined by 0.81 per cent to Rs 4,355 per quintal in futures trade Thursday 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 March was trading lower by Rs 35, or 0.81 per cent, to Rs 4,355 per quintal with an open interest of 30,470 lots.

The April rates also fell by Rs 31, or 0.71 per cent, to Rs 4,390 per quintal with an open interest of 14,010 lots.

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

 

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First Published: Jan 10 2019 | 4:05 PM IST

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