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Chana futures fall 0.89% on muted demand

Press Trust of India  |  New Delhi 

Chana prices fell 0.89 per cent to Rs 4,475 per in futures trade Tuesday after participants reduced their exposure amid subdued demand at

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

At the National Commodity and Derivatives Exchange, chana for delivery in April was trading lower by Rs 40, or 0.89 per cent, to Rs 4,475 per with an open interest of 1,700 lots.

The May rates also fell by Rs 30, or 0.66 per cent, to Rs 4,502 per with an open interest of 1,08,210 lots.

Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to the fall in chana prices at futures trade.

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

First Published: Tue, April 16 2019. 12:25 IST