Chana futures trade lower on profit-booking

NEW DELHI, Mar 11: Chana prices traded lower by 0.15 per cent to Rs 3,429 per quintal in futures trading today as participants booked profits driven by sluggish demand in the spot market.
At the National Commodity and Derivative Exchange, chana for delivery in May declined by Rs 5, or 0.15 per cent, to Rs 3,429 per quintal with an open interest of 42,610 lots.
Similarly, the commodity for delivery in April shed Rs 4, or 0.12 per cent, to Rs 3384 per quintal in 95,330 lots.
Analysts attributed the fall in chana prices at futures to profit-booking by speculators at prevailing levels and sluggish demand in the spot market. (AGENCIES)