Lead futures shed 0.23 per cent on sluggish demand, global cues
At the Multi Commodity exchange, lead for delivery in January declined 30 paise, or 0.23 per cent, to Rs 128.95 per kg.
By PTI |
NEW DELHI: Lead prices shed 0.23 per cent to Rs 128.95 per kg in futures trading today due to sluggish demand from battery-maker in the spot market amid a weak global trend.
At the Multi Commodity exchange, lead for delivery in January declined 30 paise, or 0.23 per cent, to Rs 128.95 per kg in business turnover of 10 lots.
Similarly, the metal for delivery in the December contract down 25 paise, or 0.20 per cent, to Rs 127.75 per kg in 209 lots.
Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in base metals overseas on concerns the US Fedral Reserve may start trimming its stimulus sonner than estimated, mainly kept pressure on lead prices at futures trade.
At the Multi Commodity exchange, lead for delivery in January declined 30 paise, or 0.23 per cent, to Rs 128.95 per kg in business turnover of 10 lots.
Similarly, the metal for delivery in the December contract down 25 paise, or 0.20 per cent, to Rs 127.75 per kg in 209 lots.
Market analysts said besides sluggish demand from battery-makers in the spot market amid a weak trend in base metals overseas on concerns the US Fedral Reserve may start trimming its stimulus sonner than estimated, mainly kept pressure on lead prices at futures trade.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
