Lead futures up 0.73% on spot demand

Lead futures traded higher by 0.73 per cent to Rs 138.65 per kg today as participants built up fresh positions, supported by a firm trend at the domestic spot markets on increased demand from domestic battery-makers.
In futures trading at Multi Commodity Exchange, lead for delivery in January 2017 traded higher by Re 1, or 0.73 per cent, at Rs 138.65 per kg, with a turnover of one lots.
Metal for delivery in December also rose by 55 paise, or 0.40 per cent to trade at Rs 138.20 per kg in 127 lots.
Marketmen said rising demand in the domestic spot markets from domestic battery-makers mainly supported the upside in lead futures here but absence of cues from global markets capped the gains.