Lead marginally up on overseas trend, spot demand

In range-bound movements, lead prices rose marginally by 0.13% in futures trade today in line with a firming trend in base metals in the global markets.

Pick-up in demand from battery-makers also helped lead to trade higher at futures trade.

At the Multi Commodity Exchange, the November contract rose by by 15 paise, or 0.10%, to Rs 118.95, with an open interest of 1,411 lots.

The December contract also rose by the same amount to Rs 118.90 per kg, with a turnover of 123 lots.

Marketmen said besides domestic demand, a firm trend in copper and other base metals at the London Metal Exchange (LME) and increased demand from battery-makers supported the upside in lead futures prices.