Chana futures down on profit-booking
At the NCDEX, chana for delivery in May declined by Rs 8, or 0.22 per cent to Rs 3,578 per quintal with an open interest of 14,510 lots.
By PTI |
NEW DELHI: Chana prices declined by Rs 8 to Rs 3,578 per quintal in futures trade today as speculators booked profits at prevailing higher levels, driven by a weak demand in the spot market.
Rising arrivals from producing centres also put pressure on chana futures prices.
At the National Commodity and Derivative Exchange, chana for delivery in May declined by Rs 8, or 0.22 per cent to Rs 3,578 per quintal with an open interest of 14,510 lots.
Similarly, the commodity for delivery in April lost Rs 7, or 0.20 per cent to Rs 3,533 per quintal in 68,440 lots.
Market analysts attributed the fall in chana futures to profit-booking by speculators and subdued demand in the spot market at existing higher levels.
Rising arrivals from producing centres also put pressure on chana futures prices.
At the National Commodity and Derivative Exchange, chana for delivery in May declined by Rs 8, or 0.22 per cent to Rs 3,578 per quintal with an open interest of 14,510 lots.
Similarly, the commodity for delivery in April lost Rs 7, or 0.20 per cent to Rs 3,533 per quintal in 68,440 lots.
Market analysts attributed the fall in chana futures to profit-booking by speculators and subdued demand in the spot market at existing higher levels.
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