Chana weakens 0.62% on profit-booking

Weak spot market trend affected the trade

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Chana futures for January fell by Rs 25, or 0.62%, to Rs 3,965 per quintal in 16,400 lots.

At the National Commodity and Derivative Exchange, the April contract declined Rs 4, or 0.11%, to Rs 3,488 per quintal in 72,760 lots.

Profit-bookings by speculators, a weak spot market trend on subdued demand affected the trade.

Expectations of higher production also put pressure on the chana futures.

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First Published: Jan 17 2013 | 2:31 PM IST

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