 "Chana futures succumb to profit-booking, fall 0.17%")
Amid profit-booking by speculators after recent gains and subdued spot demand, chana prices eased 0.17 per cent to Rs 4,705 per quintal in futures trade today.
However, lower output estimates this marketing year capped the fall.
At National Commodity and Derivative Exchange, chana for delivery in July declined Rs 8, or 0.17 per cent, to Rs 4,705 per quintal with an open interest of 1,69,180 lots.
Analysts said fall in demand in the spot market against adequate stock position mainly led to slide in chana prices.
However, lower output estimates this marketing year capped the fall.
At National Commodity and Derivative Exchange, chana for delivery in July declined Rs 8, or 0.17 per cent, to Rs 4,705 per quintal with an open interest of 1,69,180 lots.
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Also, the commodity for delivery in June contracts shed Rs 4, or 0.09 per cent, to Rs 4,645 per quintal in 19,160 lots.
Analysts said fall in demand in the spot market against adequate stock position mainly led to slide in chana prices.