Lead futures down on global cues, subdued demand

NEW DELHI, Nov 28:  Lead prices eased by 0.20 per cent to Rs 126.65 per kg in futures trade today after speculators reduced their exposures amid a weak trend overseas and subdued demand at spot markets.
At the Multi Commodity Exchange, lead for delivery this month shed 30 paise, or 0.20 per cent, to Rs 126.65 per kg in business turnover of 115 lots.
On similar lines, the metal for delivery in March shed 15 paise, or 0.10 per cent, to Rs 127.45 per kg in 100 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) and subdued demand at domestic spot markets from battery-makers,  mainly attributed fall in lead futures pries. (PTI)