 "Lead up 0.84% on strong spot demand, overseas cues")
Lead futures rose by 0.84 per cent today to Rs 132.80 per kg after speculators created fresh positions driven by rising demand in the spot market amid a firming trend overseas.
At the Multi Commodity Exchange, lead for delivery in February traded higher by Rs 1.10, or 0.84 per cent, to Rs 132.80 per kg, with a turnover of 294 lots.
The March contract rose by Rs 1.05, or 0.83 per cent, to trade at Rs 133.85 per kg, in a business turnover of 26 lots.
Marketmen said apart from strong domestic demand from battery makers, a firming trend in the base metals pack at the London Metal Exchange, influenced lead prices at futures trade here.
At the Multi Commodity Exchange, lead for delivery in February traded higher by Rs 1.10, or 0.84 per cent, to Rs 132.80 per kg, with a turnover of 294 lots.
The March contract rose by Rs 1.05, or 0.83 per cent, to trade at Rs 133.85 per kg, in a business turnover of 26 lots.
Marketmen said apart from strong domestic demand from battery makers, a firming trend in the base metals pack at the London Metal Exchange, influenced lead prices at futures trade here.
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