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Chana remains weak on profit booking

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Press Trust of India New Delhi

Chana prices fell by Rs 18, or 0.83 per cent, to Rs 2,145 per 100 kg in futures trade today, as speculators booked profits at higher levels, triggered by subdued demand in the spot market.

At the Multi Commodity Exchange counter, chana for September contract declined by Rs 18, or 0.83 per cent, to Rs 2,145 per 100 kg, with a turnover of three lots, while October delivery fell by Rs six, or 0.27 per cent, to Rs 2,191 per 100 kg, with a business volume of 11 lots.

Marketmen said subdued demand against adequate supplies in the physical market mainly led to a fall in chana prices at futures market.

They said profit selling at higher levels on anticipation of better output further influenced the market sentiment.

 

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First Published: Sep 09 2010 | 2:18 PM IST

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