Business Standard

Chana futures fall 0.3% on muted demand

Image

Press Trust of India New Delhi

Chana prices declined by 0.3 per cent to Rs 4,297 per quintal in futures trade on Tuesday after participants reduced their exposure amid subdued demand at spot market.

Profit-booking at higher levels also weighed on the sentiment.

At the National Commodity and Derivatives Exchange, chana for delivery in March was trading lower by Rs 13, or 0.3 per cent, at Rs 4,297 per quintal with an open interest of 40,230 lots.

The April rate also fell by Rs 16, or 0.37 per cent, to Rs 4,330 per quintal with an open interest volume of 9,030 lots.

Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to the fall in chana prices at futures trade here.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

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

First Published: Jan 15 2019 | 2:35 PM IST

Explore News