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Chana futures slide 2.18pc on profit booking

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Press Trust of India New Delhi

Chana prices moved down by 2.18 per cent to Rs 3,577 per quintal in futures trade today as speculators booked profits at prevailing levels amid easing demand at spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in far-month June fell by Rs 80, or 2.18 per cent, to Rs 3,577 per quintal with an open interest of 51,930 lots.

The commodity for delivery in May declined by Rs 69, or 1.90 per cent, to Rs 3,553 per quintal in 82,730 lots.

Analysts said besides profit-booking by participants at existing level, decline in demand in physical market against sufficient stocks position pushed down chana futures.

 

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First Published: Apr 27 2018 | 12:00 PM IST

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