Base Metals & Energy
Lead futures were up by 0.08 per cent at Rs 130.50 per kg on rising spot demand and positive cues from global markets. At the Multi Commodity Exchange, lead for delivery in November traded higher by 10 paise, or 0.08 per cent, at Rs 130.50 per kg, with a turnover of 12 lots. The metal for delivery in February, however, held flat at Rs 129.55 per kg in 314 lots.
Marketmen said besides rising domestic demand from battery-makers, a firm trend in copper and other base metals at the London Metal Exchange, influenced lead prices at futures trade here.
NICKEL
Nickel futures rose 0.39 per cent to Rs 1,037.60 per kg today after speculators enlarged their positions amid a firming trend overseas.
At the Multi Commodity Exchange, nickel for delivery in December rose by Rs 7, or 0.39 per cent, to Rs 1,037.60 per kg in a business turnover of just one lot.
Analysts said besides rising spot demand, a firming trend in the base metals pack at the London Metal Exchange (LME), helped nickel futures to trade higher.
Globally, nickel for delivery in three months gained as much as $135, or 0.80 per cent, to $16,835 a tonne.
D A I L Y B U Z Z
LEADLead futures were up by 0.08 per cent at Rs 130.50 per kg on rising spot demand and positive cues from global markets. At the Multi Commodity Exchange, lead for delivery in November traded higher by 10 paise, or 0.08 per cent, at Rs 130.50 per kg, with a turnover of 12 lots. The metal for delivery in February, however, held flat at Rs 129.55 per kg in 314 lots.
Marketmen said besides rising domestic demand from battery-makers, a firm trend in copper and other base metals at the London Metal Exchange, influenced lead prices at futures trade here.
NICKEL
Nickel futures rose 0.39 per cent to Rs 1,037.60 per kg today after speculators enlarged their positions amid a firming trend overseas.
At the Multi Commodity Exchange, nickel for delivery in December rose by Rs 7, or 0.39 per cent, to Rs 1,037.60 per kg in a business turnover of just one lot.
Analysts said besides rising spot demand, a firming trend in the base metals pack at the London Metal Exchange (LME), helped nickel futures to trade higher.
Globally, nickel for delivery in three months gained as much as $135, or 0.80 per cent, to $16,835 a tonne.
