Subdued demand drags down lead futures by 1.52%

Lead futures plunged by more than 1 % during morning trade in the domestic market on Tuesday as investors and speculators indulged in trimming their bets in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market. 

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Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for January 2017 contract is trading at Rs 152.45 per kg, down by 1.52 %, after opening at Rs 151.90, against a previous close of Rs 154.80. It touched the intra-day low of Rs 151.60.

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