Lead keeps head above water

Lead futures rose during morning trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal amid rise in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. 

At the MCX, lead futures for December 2016 contract is trading at Rs 156.65 per kg, up by 0.87 %, after opening at Rs 156.30, against a previous close of Rs 155.30. It touched the intra-day high of Rs 156.90.

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