You are here: Home » PTI Stories » National » News
Business Standard

Chana futures fall 1.29% on tepid demand

Topics
Business Finance

Press Trust of India  |  New Delhi 

Chana prices slipped 1.29 per cent to Rs 4,060 per quintal in futures trade today as participants reduced exposure following subdued demand in 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 declined Rs 53, or 1.29 per cent, to Rs 4,060 per quintal, with an open interest of 1,990 lots.

The commodity for delivery in February fell Rs 25, or 0.66 per cent, to Rs 3,764 per quintal, with open interest of 85,750 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 stock positions.

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, January 18 2018. 11:15 IST
RECOMMENDED FOR YOU