Lead in higher gear
16/08/2016 16:12
Lead futures jumped by more than 1.5 per cent during evening trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for lead from battery-makers in the spot market.
Further, a rebound in German investor sentiment in August signaled upbeat demand prospects for metals in Europe’s biggest economy.
A gauge measuring investor sentiment in Germany climbed to 0.5 in August from -6.8 in July, ZEW said on Tuesday.
At the MCX, Lead futures for August 2016 contract is trading at Rs 124.60 per kg, up by 1.55 per cent, after opening at Rs 123.65, against a previous close of Rs 122.70. It touched the intra-day high of Rs 124.80 (at 16:11 PM).
16/08/2016 16:12
Further, a rebound in German investor sentiment in August signaled upbeat demand prospects for metals in Europe’s biggest economy.
A gauge measuring investor sentiment in Germany climbed to 0.5 in August from -6.8 in July, ZEW said on Tuesday.
At the MCX, Lead futures for August 2016 contract is trading at Rs 124.60 per kg, up by 1.55 per cent, after opening at Rs 123.65, against a previous close of Rs 122.70. It touched the intra-day high of Rs 124.80 (at 16:11 PM).
