Chana futures extend fall, down 2.11% on muted demand

Chana prices drifted further down by 2.11 per cent to Rs 5,936 per quintal in futures trade today, extending fall for the second day, as participants indulged in reducing exposure amid subdued demand in the spot market against adequate stocks.
Moreover, profit-booking at existing higher levels weighed on the sentiment.
At the National Commodity and Derivatives Exchange, chana for delivery this month dropped by Rs 128, or 2.11 per cent, to Rs 5,936 per quintal, with an open interest of 360 lots.
Similarly, the commodity for delivery in October shed Rs 63, or 1.04 per cent, to Rs 5,991 per quintal in 26,980 lots.

Market analysts attributed persistent fall in chana futures to offloading of positions by traders owing to muted demand in physical market against ample stocks position.