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Sluggish demand drags down lead futures by 0.99%

Lead futures were trading lower during morning trade in the domestic market on Friday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market.

At the MCX, lead futures for February 2017 contract is trading at Rs 155.60 per kg, down by 0.99 per cent, after opening at Rs 156.25, against a previous close of Rs 157.15. It touched the intra-day low of Rs 155.25. 

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