 "Lead falls by 0.3% on weak overseas cues")
Lead futures fell 0.32% to Rs 110.75 per kg in futures trade today after participants reduced positions amid a weak trend in base metals overseas and sluggish domestic demand.
At the Multi Commodity Exchange, lead for delivery in August was trading 35 paise,or 0.32% lower at Rs 110.75 per kg in a business turnover of 524 lots.
Also, the metal for delivery in September shed 30 paise, or 0.31%, to Rs 111.75 per kg in two lots.
Market analysts said besides subdued demand from battery makers in domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange, weighed on lead futures here.
At the Multi Commodity Exchange, lead for delivery in August was trading 35 paise,or 0.32% lower at Rs 110.75 per kg in a business turnover of 524 lots.
Also, the metal for delivery in September shed 30 paise, or 0.31%, to Rs 111.75 per kg in two lots.
Market analysts said besides subdued demand from battery makers in domestic spot market, a weak trend in copper and other base metals at the London Metal Exchange, weighed on lead futures here.
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