Business Standard

Chana weakens on profit taking

Image

Press Trust of India New Delhi

Chana prices declined by Rs 10 to Rs 2,400 per 100 kg in futures trade today, as speculators preferred to book profits at higher levels, triggered by subdued demand in the spot market.

At the Multi Commodity Exchange platform, chana for December-month contract declined by Rs 10 or 0.41 per cent to Rs 2,400 per 100 kg.

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

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

First Published: Dec 08 2010 | 4:18 PM IST

Explore News