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Chana futures remain weak on profit-taking

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Press Trust of India New Delhi

Chana futures prices fell further by Rs 10 to Rs 3,171 per quintal today on cntinued profit-booking by speculators amid a weak spot trend. 

At the National Commodity and Derivatives Exchange, chana for September delivery declined by Rs 10, or 0.31%, to Rs 3,171 per quintal, with an open interest of 2,05,820 lots.

Similarly, the commodity for August delivery shed Rs 7, or 0.23%, to Rs 3,080 per quintal, with a business turnover of 1,97,420 lots.  

Traders said continued profit-booking by speculators amid a weak trend at spot market on subdued demand mainly led to the decline in chana futures prices.

 

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First Published: Jul 29 2011 | 1:50 PM IST

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