 "Lead falls by 0.4% on weak global cues")
Lead fell 0.44% to Rs 112.15 per kg in futures trade today after participants reduced exposure amid a weak trend overseas and sluggish domestic demand.
At Multi Commodity Exchange, lead for delivery in October was trading 50 paise, or 0.44%, down at Rs 112.15 per kg, in a business turnover of 523 lots.
Metal for delivery in November too shed 45 paise, or 0.40%, at Rs 113.20 per kg in 74 lots.
Analysts said besides muted demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange after the US Federal Reserve signaled it may raise interest rates in December, strengthening the dollar, weighed on lead futures here.
At Multi Commodity Exchange, lead for delivery in October was trading 50 paise, or 0.44%, down at Rs 112.15 per kg, in a business turnover of 523 lots.
Metal for delivery in November too shed 45 paise, or 0.40%, at Rs 113.20 per kg in 74 lots.
Analysts said besides muted demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange after the US Federal Reserve signaled it may raise interest rates in December, strengthening the dollar, weighed on lead futures here.