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Thursday 29 September 2016

Firm physical demand lifts Lead : 29 Sept 2016

Lead futures rose during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand, for lead, from battery-makers, in the domestic spot market.

However, the gains in the metal were curbed by weakness in US manufacturing as orders for durable goods were flat in August from July, with those of capital equipment falling for a fourth straight month.

At the MCX, lead futures for September 2016 contract is trading at Rs 134.45 per kg, up by 0.94 per cent, after opening at Rs 133.20, against a previous close of Rs 133.20. It touched the intra-day high of Rs 134.70 


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