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Chana remains weak on profit-booking

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:39 AM IST

Amid profit-booking by speculators, chana prices fell by Rs 9 to Rs 3,350 per quintal in futures trade today amid subdued spot market demand.

At the National Commodity and Derivative Exchange, chana for delivery in February shed Rs 9, or 0.27%, to Rs 3,350 per quintal, with an open interest of 62,810 lots.

The March contract traded lower by Rs 1, or 0.03%, to Rs 3,203 per quintal, with an open interest of 35,030 lots.

Traders said profit-taking by speculators and subdued demand at prevailing higher levels mainly kept pressure on chana futures prices.

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First Published: Jan 05 2012 | 3:54 PM IST

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