Chana futures extend losses, down 3.96 pc on low demand

Chana prices went down further by 3.96 per cent to close at Rs 4,201 per quintal in futures market today as participants engaged in trimming positions, taking negative cues from spot market on easing demand.
Profit-booking at existing higher levels also weighed on the sentiment.
In futures trading at the National Commodity and Derivatives Exchange, chana for delivery in the current month declined by Rs 173, or 3.96 per cent, to close at Rs 4,201 per quintal with an open interest of 4,180 lots.
Likewise, the commodity for delivery in January was trading lower by Rs 91, or 2.08 per cent, to Rs 4,279 per quintal in 48,660 lots.

Analysts said weak demand in physical market against sufficient stocks position mainly kept chana prices down at futures trade.