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Chana down 1.1% on profit-booking

Commodity for delivery in May traded lower by 1.08%

Press Trust of India New Delhi
Last Updated : Mar 12 2014 | 1:22 PM IST
Chana remained weak for the second straight day and prices fell further by 1.13% to Rs 3,337 per quintal in futures trading on continued profit-bookings by speculators amid subdued spot demand.

At the National Commodity and Derivative Exchange, chana for delivery in April fell by Rs 38, or 1.13%, to Rs 3,337 per quintal with an open interest of 90,190 lots.

Likewise, the commodity for delivery in May traded lower by Rs 37, or 1.08%, to Rs 3,381 per quintal in 37,220 lots.

Market analysts said continued profit-booking by speculators at prevailing levels and subdued demand in the spot market weighed on chana prices at futures trade.

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First Published: Mar 12 2014 | 1:22 PM IST

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