 "Lead down 0.1% on sluggish demand, overseas trend")
Lead prices shed 0.12% to Rs 127.60 per kg in futures trading today due to sluggish demand from battery-makers in the spot market amid a weak global trend.
At the Multi Commodity exchange, lead for delivery in April eased by 15 paise, or 0.12%, to Rs 127.60 per kg in business turnover of 220 lots.
Metal for delivery in the May fell by a similar margin to trade at Rs 128.65 per kg in three lots.
Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in metal at the London Metal Exchange mainly kept pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in April eased by 15 paise, or 0.12%, to Rs 127.60 per kg in business turnover of 220 lots.
Metal for delivery in the May fell by a similar margin to trade at Rs 128.65 per kg in three lots.
Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in metal at the London Metal Exchange mainly kept pressure on lead prices at futures trade.