Lead Futures Were Trading Lower

Lead futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators trimmed their bets in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market.

Further, a downward trend in physical demand from battery-makers in the domestic spot markets, influenced lead prices at futures trade.

At the MCX, lead futures for March 2017 contract is trading at Rs 144.90 per kg, down by 0.99 per cent, after opening at Rs 146.75, against a previous close of Rs 146.35. It touched the intra-day low of Rs 144.85.

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Suhani Verma

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