Lead futures strengthen on global cues

Taking positive cues from global market and pick-up in industrial demand, lead regained strength with prices rising by 0.49% in futures trade today.

At the Multi Commodity Exchange, lead for delivery in April traded higher by 80 paise, or 0.66%, to Rs 122.80 per kg, with a business turnover of 814 lots. 

March lead gained 60 paise, or 0.49%, to Rs 122.70 per kg, with a trade turnover of 2,452 lots.  

Market analysts said besides a firming trend in copper and other base metals at the London Metal Exchange, pick-up in spot demand from battery makers also influenced the lead futures prices here.