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Lead futures plunged over 2 % during morning trade in the domestic market on Monday as investors and speculators indulged in trimming their positions in the industrial metal amid diminishing physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in the physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.
At the MCX, lead futures for December 2016 contract is trading at Rs 135.65 per kg, down by 2.16 %, after opening at Rs 135.65, against a previous close of Rs 138.65. It touched the intra-day low of Rs 135.10.
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