Business Standard

Chana down 0.9% on profit-booking

Commodity for June delivery fell by 0.81%

Press Trust of India New Delhi
Chana prices fell by 0.92% to Rs 3,115 per quintal in futures trade today on profit-booking by speculators due to higher supplies and weak demand in the spot markets.

Marketmen said sentiment turned bearish on higher supplies from producing areas against weak demand in the spot markets which put pressure on chana futures prices.

At the National Commodity and Derivative Exchange, chana for May delivery declined by Rs 29, or 0.92%, to Rs 3,115 per quintal, with an open interest for 1,04,220 lots.

Similarly, chana for June delivery fell by Rs 26, or 0.81%, to Rs 3,176 per quintal with an open interest of 43,250 lots.

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First Published: Apr 21 2014 | 1:40 PM IST

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