 "Lead up by 0.4% on overseas trend")
Lead futures traded higher by 0.43% to Rs 117.80 per kg today on a firming trend in select metals in global markets amid increased demand from domestic battery-makers.
In futures trading at Multi Commodity Exchange, lead for delivery this month traded higher by 50 paise, or 0.43%, at Rs 117.80 per kg, with a turnover of 4,195 lots.
Metal for delivery in February also rose by a similar margin to trade at Rs 117.85 per kg in 43 lots.
Marketmen said apart from rising demand in the domestic spot markets from domestic battery-makers and other consuming industries, a firming trend in metal at the London Metal Exchange supported the upside in lead futures here.
In futures trading at Multi Commodity Exchange, lead for delivery this month traded higher by 50 paise, or 0.43%, at Rs 117.80 per kg, with a turnover of 4,195 lots.
Metal for delivery in February also rose by a similar margin to trade at Rs 117.85 per kg in 43 lots.
Marketmen said apart from rising demand in the domestic spot markets from domestic battery-makers and other consuming industries, a firming trend in metal at the London Metal Exchange supported the upside in lead futures here.