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Chana sheds 0.74% on profit-booking

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Press Trust of India New Delhi

Amid profit-booking by speculators and sluggish spot demand, chana prices declined by Rs 27 to Rs 3,600 per quintal in futures trading today.

At the National Commodity and Derivatives Exchange, the February contract for chana declined by Rs 27, or 0.74% to Rs 3,600 per quintal with an open interest of 84,390 lots.

The March contract shed Rs 18, or 0.53%, to Rs 3,395 per quintal in 77,260 lots.

Analysts said besides profit-booking by speculators, sluggish demand in the spot market also kept pressure on chana prices at futures market.

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First Published: Feb 13 2012 | 3:06 PM IST

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