Chana futures slide 1.41 pc on profit booking

Chana prices dipped 1.41 per cent to Rs 4,488 per quintal in futures trade Tuesday as participants tightened their bets, taking muted cues from spot market on sluggish demand.

At the National Commodity and Derivatives Exchange, chana for delivery in January dipped Rs 64, or 1.41 per cent, to Rs 4,488 per quintal with an open interest of 38,340 lots.

Analysts said tightening of positions by traders due to slide in demand from dal mills in the physical market amid ample supplies mainly exerted pressure from chana prices.

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