RTRS: India chana, guar futures fall on profit-taking
India chana futures opened lower on Wednesday as traders booked profits ahead of a likely rise in arrivals in the spot market in the next few weeks, analysts said.
At 10:28 a.m., the benchmark March contract NCHH9 on the National Commodity and Derivatives Exchange (NCDEX) was down 0.39 percent at 2,320 rupees per 100 kg.
But firm prices of summer-sown pulses and concerns that output in Maharashtra may be hurt by bad weather limited these losses, they said.
GUAR:
Futures dropped on profit-taking at higher levels, but good local demand amid dwindling arrivals capped the downside, analysts said.
Daily average arrivals have halved to about 8,000 bags of 100 kg from a month ago.
At 10:18 a.m., the March contract NGUH9 was at 1,571 rupees per 100 kg, down 2.66 percent.
