Tuesday, November 1, 2016

Lead futures zoom 1.06% today in market

During the morning trade Lead futures were trading high in the domestic market on Tuesday as investors & speculators indulged in building up of new positions in the industrial metal amidst rise in physical demand for lead, from battery-makers, in the domestic spot market. 

Moreover, rise in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for Nov. 2016 contract is trading at Rs 138.50 per kg, up by 1.06 %, after opening at Rs 138.30, against a last close of Rs 137.05. It touched the intra-day higher of Rs 138.60.