Base Metal: lead futures down by 0.35%

Lead futures drop during morning trade in the domestic market on Wednesday as investors & speculators exited their positions in the industrial metal among drop in physical demand for lead, from battery-makers, in the domestic spot market.

Moreover, a down trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

At the MCX, for December 2016 contract lead futures is trading at Rs 158.35 per kg, downward by 0.35 per cent, after opening at Rs 158.25, against a last close of Rs 158.90. It touched the intra-day lower of Rs 158.05.