Business Standard

Chana futures fall on profit booking

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Press Trust of India

Chana futures prices fell by Rs 13 to Rs 2,638 per quintal today as speculators booked profits at high levels, driven by a sluggish spot demand.

Increased arrivals from producing belts also put pressure on chana futures prices.

At the Multi Commodity Exchange, chana for delivery in July fell by Rs 13, or 0.49%, to Rs 2,638 per quintal, with an open interest of 2,28,490 lots.

The June contract lost Rs 9, or 0.35%, to Rs 2,560 per quintal, with a trade volume of 87,780 lots.

Traders said besides profit booking by speculators, sluggish demand at the spot market against adequate stocks, mainly led to fall in chana futures prices.

 

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First Published: Jun 10 2011 | 1:28 PM IST

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