Chana futures fall on muted demand

Chana prices declined 0.67 per cent to Rs 4,425 per quintal in futures trade Tuesday after participants reduced their exposure amid subdued demand at spot market.

Profit-booking at higher levels also weighed on the sentiment.

At the National Commodity and Derivatives Exchange, chana for delivery in December was trading lower by Rs 30, or 0.67 per cent, at Rs 4,425 per quintal, with an open interest of 7,530 lots.

The January delivery rates also fell by Rs 30, or 0.66 per cent, to Rs 4,522 per quintal with an open interest of 34,350 lots.

Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to fall in chana prices at futures trade here.

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