Lead rises on pick up in demand
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Lead futures were trading higher during morning trade in the domestic market on Monday tracking a firming trend in the base metals pack at the London Metal Exchange (LME) and pickup in demand at the domestic markets. Market analysts said apart from strong demand from battery-makers in spot market where lead set for its strongest finish since 2011, mainly influenced lead futures.
At the MCX, lead futures for December 2016 contract is trading at Rs 156.50 per kg, up by 1.95 per cent, after opening at Rs 155.90, against a previous close of Rs 153.50. It touched the intra-day high of Rs 157.30.
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