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Chana futures down 0.78% on profit booking

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Press Trust of India New Delhi
Last Updated : Apr 08 2016 | 11:42 AM IST
Chana prices drifted by 0.78 per cent to Rs 5,065 per quintal in futures trading today as participants booked profits at prevailing levels amid easing demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in April fell by Rs 40, or 0.78 per cent, to Rs 5,065 per quintal, with an open interest of 5,860 lots.
Likewise, the commodity for delivery in far-month May declined by Rs 33, or 0.65 per cent, to Rs 5,070 per quintal in 39,600 lots.
Analysts said besides profit-booking by traders at existing levels, fall in demand in the spot market against adequate stocks position mainly pulled down chana prices at futures trade.

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First Published: Apr 08 2016 | 11:42 AM IST

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