Lead up on overseas trend, spot demand

In range-bound movements, lead traded 0.17% higher in futures trade today as speculators created some positions amid a firming trend overseas.

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

At the Multi Commodity Exchange, the Noember contract for lead traded 20 paise, or 0.17% higher, at Rs 117 per kg, with a turnover of 4,366 lots.

The December contract also rose by a similar margin to trade at Rs 117.05 per kg, with a turnover of 471 lots.

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