 "Lead down 1.4% on sluggish demand, overseas cues")
Lead fell 1.37% to Rs 126.10 per kg in futures trade today after participants reduced their exposures amid sluggish demand from battery makers in the spot market.
Besides, a weak trend in base metals at the London Metal Exchange also put pressure on lead futures here.
At the Multi Commodity exchange, lead for delivery in October shed Rs 1.75, or 1.37%, to Rs 126.10 per kg in business turnover of 26 lots.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weakening trend in base metals at the London Metal Exchange ahead of data tomorrow that may show manufacturing slowed for a second month in China, the biggest consumer, influenced lead futures prices.
Besides, a weak trend in base metals at the London Metal Exchange also put pressure on lead futures here.
At the Multi Commodity exchange, lead for delivery in October shed Rs 1.75, or 1.37%, to Rs 126.10 per kg in business turnover of 26 lots.
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Metal prices for delivery in September were down by Rs 1.50, or 1.18%, to Rs 125.20 per kg in a business turnover of 292 lots.
Market analysts said besides subdued demand from battery-makers in the domestic spot market, a weakening trend in base metals at the London Metal Exchange ahead of data tomorrow that may show manufacturing slowed for a second month in China, the biggest consumer, influenced lead futures prices.