Lead futures advance 0.38 pc driven by spot demand

Amid a better trend at the spot market on rising demand from battery makers, lead rose 0.38 per cent in futures trade today as speculators built up positions.
Furthermore, a firming trend in select base metals overseas supported the upside in metal prices.
At the Multi Commodity Exchange, lead for delivery in January was up 55 paise, or 0.38 per cent, at Rs 144.30 per kg, in a business turnover of 63 lots.
According to marketmen, rising demand from battery makers at domestic spot markets and strength in select base metals overseas helped lead futures trade higher.