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Lead up 0.2% on strong spot demand

Strong demand from battery-makers supported the trade

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futures for January traded 25 paise, or 0.20% higher at Rs 126.45 per kg in 1,174 lots.

At the Multi Commodity Exchange, the February contract also rose by 15 paise, or 0.12% to trade at Rs 127.05 per kg in 212 lots.

Fresh positions by speculators, strong demand from battery-makers supported the trade.

Data showing a jump in effected a firm trend at the London Metal Exchange.

Speculations of an economic recovery in Europe that may increase demand for metals also triggered the uptrend globally.

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Zinc up 0.3% on global cues

Covering-up of short positions by speculators also supported the upside

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Market News

Broader markets gain even as Nifty struggles below 8,450

Infosys, Reliance Industries and private banks among the top losers of the hour

Zinc down 0.29% on global cues

Traders trim positions on overall weakness in base metals

Lead softens 0.20% on global cues, weak demand

Traders trim positions on lower offtake from battery-makers; overall weakness in base metals abroad fuels downtrend

Crude oil sheds 0.67% on weak Asian cues

Speculation that OPEC will maintain output at this week's meeting despite a global supply glut drives prices down

Nickel down 0.27% on overseas cues, low demand

Speculators pare exposures on lower offtake from alloy makers

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