Chana futures dip 0.81 pc on tepid demand

Chana prices fell 0.81 per cent to Rs 3,881 per quintal in futures trade today as participants reduced exposure following subdued demand in spot market.
Profit-booking at higher levels also weighed on the sentiment.
At the National Commodity and Derivatives Exchange, chana for delivery in March declined by Rs 32, or 0.81 per cent, to trade at Rs 3,881 per quintal, with an open interest of 77,000 lots.
The commodity for delivery in April fell Rs 30, or 0.76 per cent, to trade at Rs 3,912 per quintal, with an open interest of 44,220 lots.
Analysts attributed the fall in chana futures to offloading of positions by traders, taking negative leads from physical markets due to tepid demand against sufficient stocks position.