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Chana sheds 0.8% on profit-booking

Sluggish demand in the spot market put pressure on futures

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:10 AM IST

Chana prices declined by Rs 34 to Rs 4,210 per quintal in futures trade today as speculators booked profits after recent gains.

Sluggish demand in the spot market also put pressure on chana futures.

At the National Commodity and Derivatives Exchange, chana for delivery in June fell by Rs 34, or 0.80%, to Rs 4,210 per quintal, with an open interest of 101,940 lots.

The May contract shed Rs 33, or 0.79%, to Rs 4,160 per quintal in 6,300 lots.

Market analysts said besides profit-booking by speculators on sluggish demand in the spot market mainly helped chana prices to trade lower at futures market.

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First Published: May 18 2012 | 2:45 PM IST

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