Chana futures down 0.75 pc on profit-booking

Chana prices drifted down by 0.75 per cent to Rs 5,440 per quintal in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in October declined by Rs 41, or 0.75 per cent to Rs 5,440 per quintal with an open interest of 7,200 lots.

Similarly, the commodity for delivery in November lost Rs 38, or 0.69 per cent, to Rs 5,450 per quintal in 26,550 lots.

Market analysts said besides profit-booking by participants at existing levels, easing demand in the physical market against adequate stocks position, mainly weighed on chana prices at futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)