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Chana futures slip 1.69% on profit-booking

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Press Trust of India New Delhi
Last Updated : Aug 06 2018 | 11:45 AM IST

Chana prices moved down by 1.69 per cent to Rs 4,168 per quintal in futures trade today as investors booked profits at prevailing levels amid easing demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in this month's contract fell by Rs 72, or 1.69 per cent, to Rs 4,168 per quintal with an open interest of 38,630 lots.

Similarly, the commodity for delivery in September declined by Rs 69, or 1.61 per cent, to Rs 4,206 per quintal in 74,360 lots.

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

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First Published: Aug 06 2018 | 11:45 AM IST

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