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Chana futures weaken 1.34% on profit-booking

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Press Trust of India New Delhi
Chana fell 1.34 per cent to Rs 4,250 per quintal in futures trade today on profit-booking by speculators and subdued demand at the spot market along with high supplies in major producing states.

At the National Commodity and Derivative Exchange, chana for August declined by Rs 58, or 1.34 per cent, to Rs 4,250 per quintal with an open interest for 23,790 lots.

Similarly, chana for September delivery fell Rs 53, or 1.22 per cent to Rs 4,284 per quintal with an open interest for 1,72,680 lots.

Traders said besides profit-booking by speculators, subdued demand at the spot market at existing higher levels mainly led to the fall in chana prices in futures trade.
 

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First Published: Aug 07 2015 | 12:57 PM IST

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