In today’s morning lead futures grow over 1 percent trade in the domestic market on Tue as investors and speculators build up bright position in the industrial metal amid gain in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a rising 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 Nov 2016 contract is trading at Rs 149.70 per kg, up by 1.53 %, after opportunity at Rs 148.50, against an earlier close of Rs 147.45. It touched the intra-day high of Rs 149.80
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