Don’t miss the latest developments in business and finance.

Chana futures slide 1.12% on profit-booking

Image
Press Trust of India New Delhi
Last Updated : May 16 2018 | 12:55 PM IST

Chana prices moved down 1.12 per cent to Rs 3,630 per quintal in futures trade today as speculators booked profits at prevailing levels amid easing demand at the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in May fell by Rs 41, or 1.12 per cent, to Rs 3,630 per quintal with an open interest of 10,620 lots.

Similarly, the commodity for delivery in June declined by Rs 35, or 0.95 per cent, to Rs 3,641 per quintal in 1,10,690 lots.

Analysts said besides profit-booking by participants at existing level, decline in demand in the physical market against sufficient stocks led to the fall in chana futures.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: May 16 2018 | 12:55 PM IST

Next Story