Lead futures up on overseas trend, spot demand
- CBI sought part RTI exemption, Govt gave it full
- Screen Awards: Milkha, Ram-Leela and Madras Cafe dominate
- DGCA seeks fresh public objections after clearing AirAsia for take-off
- Delhi: 51-year-old Danish national alleges gangrape, 15 detained for questioning
- I wonder if I will be able to ever reunite with my husband, my kids. I miss them: Devyani
Tracking a firming trend in base metals in the overseas market, lead futures prices today edged up by 0.61 per cent to Rs 114.80 per kg after speculators enlarged their positions.
Pick-up in demand from battery-makers also helped lead to trade higher at futures trade.
At the Multi Commodity Exchange, lead for delivery in November traded 70 paise, or 0.61 per cent higher, at Rs 114.80 per kg, with a turnover of 154 lots.
The metal for delivery in October also rose by 60 paise, or 0.53 per cent, to Rs 114.60 per kg, with a turnover of 1,1421 lots.
Marketmen said besides domestic demand, a firm trend in copper and other base metals at the London Metal Exchange (LME) after data showed China's industrial production, retail sales and fixed-asset investment accelerated in September, boosted demand outlook for base metals, supporting the upside in lead futures prices. Globally, lead traded 0.40 per cent higher at the LME in early trade today.
- AAP names Bharti victims, uploads eight videos targeting Africans in Delhi
- Kapil Sibal to contest from Chandni Chowk in 2014, even if Arvind Kejriwal inÂ fray
- Arvind Kejriwal likely to pass Jan Lokpal Bill in February, says the fight for new independence hasÂ begun
- Movie review: â€˜Jai hoâ€™ | The Indian Express