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Chana futures shed 0.13% on profit-booking

Sluggish demand in spot market also pressurised prices

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Press Trust of India New Delhi

Chana prices declined by Rs 6 to Rs 4,397 per quintal in futures trade today as speculators booked profits amid sluggish demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in August declined by Rs 6, or 0.13%, to Rs 4,397 per quintal, with an open interest of 70,025 lots.

The July contract shed Rs 5, or 0.11%, to Rs 4,321 per quintal in 64,150 lots.

Market analysts said besides profit-booking by speculators, sluggish spot market demand mainly helped chana prices to trade lower at futures market.

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First Published: Jun 29 2012 | 2:12 PM IST

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