Base Metal: Lead futures drop 0.11% today

Lead futures were trading low in the domestic market during the morning trade on Friday as investors & speculators trimmed their bets in the industrial metal amid drop in physical demand for lead, from battery-makers, in the domestic spot market.

At the MCX, for November 2016 contract lead futures is trading at Rs 142.60 per kg, downward by 0.11 %, after opening at Rs 143.40, against a last close of Rs 142.75. It touched the intra-day lower of Rs 142.40.