Business Standard

Chana plunges by 3.7% on profit-booking

Image

Press Trust of India New Delhi

Chana prices dropped by Rs 128 to Rs 3,261 per quintal in futures trade today as speculators booked profits at existing higher levels.

At the National Commodity and Derivatives Exchange, October chana dropped by Rs 128, or 3.78%, to Rs 3,261 per quintal, with an open interest for 1,97,800 lots.

The November delivery fell by Rs 116, or 3.32%, to Rs 3,373 per quintal in 131,720 lots.

Traders said sustained profit-selling by speculators at prevailing higher levels mainly pulled down chana futures prices.

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

First Published: Sep 30 2011 | 11:53 AM IST

Explore News