| Lead futures weaken as profit-booking emerges | |
| Press Trust of India / New Delhi Jul 29, 2010, 14:20 | | | | | |
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 Lead futures fell by Rs 0.35, or 0.38 per cent, to Rs 92.70 per kg today after traders booked profits at prevailing levels amid weak trend in global markets.
Weak trend at physical markets due to subdued demand from battery makers also put pressure on the lead futures prices.
At the Multi Commodity Exchange counter, lead for August contract delivery fell by Rs 0.35, or 0.38 per cent, to Rs 92.70 per kg, with a turnover of 219 lots.
The metal for delivery in July contracts also shed Rs 0.15, or 0.16 per cent, to Rs 94.40 per kg, with a business volume of 869 lots.
Market analysts said profit booking by speculators and weakness in entire base metals trading in overseas markets on weak US data and the Federal Reserve's downbeat view on the economy, mainly led to a fall in lead prices at futures market here.
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