Chana futures down 0.99% on profit-booking

Chana prices fell by 0.99 per cent to Rs 6,204 per quintal in futures trade today as speculators booked profits amid weak demand at spot markets.

At the National Commodity and Derivatives Exchange, crude palm oil for delivery in September month drifted down by Rs 62, or 0.99 per cent to Rs 6,204 per quintal with an open interest of 860 lots.

The commodity for delivery in October shed Rs 22, or 0.35 per cent to Rs 6,257 per quintal in 32,800 lots.

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

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