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Chana futures slide 1.07% on low demand

Press Trust of India  |  New Delhi 

Chana prices drifted down by 1.07 per cent to Rs 4,792 per quintal in futures market today as participants reduced exposure amid easing 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 December fell by Rs 52, or 1.07 per cent to Rs 4,792 per quintal with an open interest of 29,650 lots.

Similarly, the commodity for delivery in November was trading lower by Rs 26, or 0.53 per cent to Rs 4,845 per quintal in 3,340 lots.

Market analysts attributed the fall in chana futures to offloading of positions by traders, taking negative cues from physical markets on sluggish 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: Tue, November 14 2017. 11:22 IST