Business Standard

Lead futures up 0.69% on overseas cues

Image

Press Trust of India New Delhi
Extending its gains for the third straight day, lead added another 0.69 per cent to reach Rs 109.40 per kg in futures trade today as traders increased their bets on positive global cues.

At the Multi Commodity Exchange, lead for delivery in January month edged up by 75 paise, or 0.69 per cent, to Rs 109.40 per kg in business turnover of 8,181 lots.

Similarly, the metal for delivery in February contracts traded higher by 60 paise, or 0.55 per cent, to Rs 109.20 per kg in 205 lots.

Market analysts said pick-up in demand from battery-makers in the spot market and a firming trend in metals in Shanghai, supported the upside in lead futures here.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 14 2016 | 5:42 PM IST

Explore News