Chana futures dip by 1.12% on muted demand

Chana prices declined by 1.12 per cent to Rs 4,842 per quintal in futures trade today as speculators reduced their exposure amid subdued demand at spot market.
Profit-booking at higher levels also weighed on the sentiment.
At the National Commodity and Derivatives Exchange, chana for delivery in December fell by Rs 55, or 1.12 per cent, to Rs 4,842 per quintal, with an open interest of 20,460 lots.
The commodity for delivery in January next year declined by Rs 45, or 0.92 per cent, to Rs 4,829 per quintal with open interest of volume stood at 27,640 lots.
Marketmen said trimming of positions by traders on the back of easing demand in physical market against adequate stocks position, mainly influenced chana prices at futures trade.