Press Trust of India / New Delhi Sep 07, 2010, 13:36 IST
After witnessing an upward march in the past few sessions, lead turned weak and traded 0.87 per cent lower, at Rs 102.20 per kg in futures trading today, as speculators locked in profits.
Weakness in base metals in global market and slack demand from battery makers in spot markets also kept pressure on the lead futures.
At the Multi Commodity Exchange counter, lead for October weakened by Rs 0.90, or 0.87 per cent, to Rs 102.20 per kg, with a turnover of 47 lots.
Similarly, the metal for delivery in September-month traded marginally lower by Rs 0.85, or 0.83 per cent, to Rs 101.25 per kg, with a business volume of 1,506 lots.
Marketmen said apart from profit-booking by speculators at existing higher levels, weak trend overseas and fall in demand in the spot markets also weighed on the lead futures.
Content Guide
After witnessing an upward march in the past few sessions, lead turned weak and traded 0.87 per cent lower, at Rs 102.20 per kg in futures trading today, as speculators locked in profits.
