Lead futures rise 0.63% as demand picks up

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At the Multi Commodity Exchange, lead for delivery in January month edged up by 90 paise, or 0.63 percent, to Rs 142.75 per kg in business turnover of 603 lots.

NCDEX Tips

Lead prices traded higher by 0.63 percent at Rs 142.75 per kg in futures trading Monday as speculators built up fresh positions due to the upsurge in demand in the spot market amid firm global cues. Moreover, a firm trend in the base metals pack at the London Metal Exchange (LME) and signs of easing trade tensions between the US and top metals consumer China, influenced sentiments.

At the Multi Commodity Exchange, lead for delivery in January month edged up by 90 paise, or 0.63 percent, to Rs 142.75 per kg in business turnover of 603 lots.

Market analysts said fresh positions created by traders after the uptick in demand by battery-makers in the physical markets mainly helped lead prices to trade higher at futures trade.

Globally, at the LME, lead climbed 1.8 percent to $1,998 per tonne.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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