Business Standard

Chana down 0.1% on profit-booking

Analysts attributed the fall in chana prices at futures to profit-booking by speculators

Press Trust of India New Delhi
Chana prices traded lower by 0.15% to Rs 3,429 per quintal in futures trading today as participants booked profits driven by sluggish demand in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in May declined by Rs 5, or 0.15%, to Rs 3,429 per quintal with an open interest of 42,610 lots.

Similarly, the commodity for delivery in April shed Rs 4, or 0.12%, to Rs 3384 per quintal in 95,330 lots.

Analysts attributed the fall in chana prices at futures to profit-booking by speculators at prevailing levels and sluggish demand in the spot market.

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First Published: Mar 11 2014 | 2:34 PM IST

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