Lead futures fall 0.32% as participants trim position

Lead fell 0.32 per cent to Rs 141.90 per kg in futures trade today after participants reduced exposure even as base metals strengthened overseas amid signs of stabilisation in China's economy.
Lead for delivery in November was trading 45 paise, or 0.32 per cent down, at Rs 141.90 per kg, in a business turnover of three lots.
Metal for delivery in October shed 40 paise, or 0.28 per cent to trade at Rs 141.35 per kg in 346 lots.
Analysts said weak demand from battery-makers in the domestic spot market mainly kept pressure on metal prices at futures trade but strength in select base metals at the London Metal Exchange (LME) amid signs of stabilisation in China's economy restricted the losses.