Lead up 0.5% on overseas cues
Prices rose on rising spot demand
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Lead futures for June traded 50 paise, or 0.47% higher, at Rs 106.80 per kg in 238 lots.
At the Multi Commodity Exchange (MCX), the May contract rose by 40 paise, or 0.38%, to trade at Rs 105.85 per kg in 5,316 lots.
Prices rose on rising spot demand amid robust domestic demand from battery-makers.
At the London Metal Exchange (LME), lead traded a shade higher at $1,980.75 per tonne.
Optimism that the European Central Bank will cut interest rates to a record low and after the Federal Reserve said it will keep buying bonds influenced lead futures trade here.
At the Multi Commodity Exchange (MCX), the May contract rose by 40 paise, or 0.38%, to trade at Rs 105.85 per kg in 5,316 lots.
Prices rose on rising spot demand amid robust domestic demand from battery-makers.
At the London Metal Exchange (LME), lead traded a shade higher at $1,980.75 per tonne.
Optimism that the European Central Bank will cut interest rates to a record low and after the Federal Reserve said it will keep buying bonds influenced lead futures trade here.
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First Published: May 02 2013 | 2:40 PM IST