Business Standard

Monday, January 06, 2025 | 12:10 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Chana futures remain weak on profit taking

Image

Press Trust of India New Delhi

Chana fell further by Rs 10 to Rs 3,136 per quintal in futures trade today on continued profit bookings by speculators, driven by a weak trend at the spot markets on subdued demand. 

At the National Commodity and Derivatives Exchange, chana for August delivery declined by Rs 10, or 0.32%, to Rs 3,136 per quintal, with an open interest of 187,540 lots. 

Similarly, the commodity for September delivery lost Rs 9, or 0.77%, to Rs 3,226 per quintal, with an open interest of 229,640 lots. 

Traders said continued profit-booking by speculators amid a weak trend at the spot markets on subdued demand mainly kept pressure on the chana futures prices.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 02 2011 | 2:07 PM IST

Explore News