Business Standard

Chana futures fall 0.53 per cent on muted demand

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Press Trust of India New Delhi

Chana prices declined by 0.53 per cent, to Rs 4,700 per quintal in futures trade on Thursday 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 December was trading lower by Rs 25, or 0.53 per cent, at Rs 4,700 per quintal, with an open interest of 30,470 lots.

The January rates also fell by Rs 16, or 0.34 per cent, to Rs 4,694 per quintal with open interest of volume stood at 14,010 lots.

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

 

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First Published: Nov 22 2018 | 12:00 PM IST

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