Lead futures strengthen on global cues

Written by Agencies | New Delhi | Updated: Mar 30 2011, 20:11pm hrs
Taking positive cues from global market and pick-up in industrial demand, lead regained strength with prices rising by 0.49 per cent in futures trade on Wednesday.

At the Multi Commodity Exchange, lead for delivery in April traded higher by 80 paise, or 0.66 per cent, to Rs 122.80 per kg, with a business turnover of 814 lots.

Similarly, the metal for delivery in March gained 60 paise, or 0.49 per cent, to Rs 122.70 per kg, with a trade turnover of 2,452 lots.

Market analysts said besides a firming trend in copper and other base metals at the London Metal Exchange, pick-up in spot demand from battery makers also influenced the lead futures prices here.