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Chana futures fall on subdued demand

Press Trust of India  |  New Delhi 

Chana prices declined by Rs 20 per cent to Rs 4,615 per in futures trade Tuesday after participants reduced their exposure amid subdued demand at the spot market.

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

At the National Commodity and Derivatives Exchange, Chana for December delivery was trading lower by Rs 32, or 0.69 per cent, at Rs 4,615 per quintal, with an open interest of 20,020 lots.

Similarly, the commodity for January, next year, also fell by Rs 20, or 0.43 per cent, at Rs 4,640 per with an open interest of 22,380 lots.

Marketmen said trimming of bets by traders due to sluggish demand in the physical market against adequate stocks position mainly led to fall in chana prices.

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

First Published: Tue, December 04 2018. 15:20 IST