Business Standard

Friday, December 20, 2024 | 04:20 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Chana futures slide 1.19% on profit-booking

Image

Press Trust of India New Delhi
Chana prices fell by 1.19 per cent to Rs 5,470 per quintal in futures trade today as speculators booked profits amid fall in demand in the spot market.

In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in September fell by Rs 66, or 1.19 per cent to Rs 5,470 per quintal with an open interest of 16,880 lots.

Likewise, the oil for delivery in October declined by Rs 48, or 0.88 per cent to Rs 5,382 in 13,350 lots.

Analysts said besides profit-booking by participants at prevailing higher levels, easing demand at the spot market against ample stocks position mainly weighed on chana prices at futures trade.

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: Aug 16 2017 | 11:48 AM IST

Explore News