Lead futures up 0.46% on overseas cues

Lead futures were trading higher during the noon trade in the domestic market on Monday as participants widened their positions in the industrial metal due to an increase in physical demand for lead, from battery-makers, in the domestic spot market and amidst signs of stabilisation in China's economy. Further, an uptick in demand from battery-makers in the domestic spot market amid signs of stabilisation in China's economy, supported the prices of lead at the domestic spot markets. 

 

At the MCX, lead futures for October 2016 contract is trading at Rs 142.40 per kg, up by 0.46%, after opening at Rs 141.30, against a previous close of Rs 141.75. It touched the intra-day high of Rs 142.70.

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