 "Lead falls by 0.4% on weak global cues")
Lead fell 0.45% to Rs 109.75 per kg in futures trade today after participants reduced exposure amid a weak trend overseas and sluggish domestic demand.
At Multi Commodity Exchange, lead for delivery in current month contract was trading 50 paise, or 0.45%, down at Rs 109.75 per kg in a business turnover of 949 lots.
Metal for delivery in September fell by a similar margin to trade at Rs 110.85 per kg in 42 lots.
Analysts said besides weak demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange on concern that demand may falter in China as an equity rout resumed weighed on lead futures here.
At Multi Commodity Exchange, lead for delivery in current month contract was trading 50 paise, or 0.45%, down at Rs 109.75 per kg in a business turnover of 949 lots.
Metal for delivery in September fell by a similar margin to trade at Rs 110.85 per kg in 42 lots.
Analysts said besides weak demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange on concern that demand may falter in China as an equity rout resumed weighed on lead futures here.
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