 "Chana down 2.8% on profit booking")
Continuing its losing streak for the second straight day, chana prices dropped further by 2.84% to Rs 8,550 per quintal in futures trade today as speculators indulged in booking profits at current levels.
Besides, an improvement in supplies too weighed on chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in September drifted lower by Rs 250 or 2.84% to Rs 8,550 per quintal with an open interest of 270 lots.
Analysts said apart from profit-booking, adequate stocks on improved supplies in the physical market after government's measures to curb rising prices and fall in demand kept chana prices lower at futures trade.
Besides, an improvement in supplies too weighed on chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in September drifted lower by Rs 250 or 2.84% to Rs 8,550 per quintal with an open interest of 270 lots.
Analysts said apart from profit-booking, adequate stocks on improved supplies in the physical market after government's measures to curb rising prices and fall in demand kept chana prices lower at futures trade.