Lead futures rise on increasing demand 26/10/2017


Lead futures rise on increasing demand
26/10/2017 17:00
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Lead futures were trading higher during the evening trade in the domestic market on Thursday as participants created fresh positions, taking positive cues from spot market on pick-up in demand.
Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for October 2017 contract is trading at Rs 161.40 per kg, up by 0.28 per cent, after opening at Rs 161.45, against a previous close of Rs 160.95. It touched the intra-day high of Rs 161.90 (at 17:07 hours).
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