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Chana futures weaken by 0.67% on profit-booking

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Press Trust of India New Delhi

Chana prices fell 0.67 per cent to Rs 4,272 per quintal in futures market today as speculators booked profits amid fall in demand in the spot market.

Besides, adequate stocks positions following increased arrivals from producing regions weighed on chana prices.

At the National Commodity and Derivatives Exchange, chana for delivery in the current month fell by Rs 29, or 0.67 per cent, to Rs 4,272 per quintal with an open interest of 3,120 lots.

Similarly, the commodity for delivery in September shed Rs 5, or 0.12 per cent, to Rs 4,320 per quintal in 4 lots.

Analysts attributed the fall in chana futures to profit-booking by participants, driven by easing demand in the spot market against sufficient stocks position.

 

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First Published: Aug 20 2018 | 11:35 AM IST

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