Lead moves up over one per cent in futures trade

Taking positive cues from overseas markets and pick up in domestic demand, lead strengthened by 1.14 per cent in futures trade today.  

At the Multi Commodity Exchange, lead for delivery in March traded Rs 1.30, or 1.14 per cent higher at Rs 115 per kg, with a turnover of two lots.

While January contract gained Rs 1.25, or 1.10 per cent to Rs 114.50 per kg, clocked a turnover of 1,096 lots.

The metal for delivery in February contract also edged higher by Rs 1.05, or 0.93 per cent, to Rs 114.35 per kg, with a business volume of 204 lots. 

Market analysts said besides firming trend in copper and other metals at the London Metal Exchange supported by fading fears of China tightening monetary policy, demand from battery makers, also influenced the lead futures prices here.