Lead futures up on strong spot demand, overseas cues

NEW DELHI, Feb 17: Lead futures rose by 0.84 per cent today to Rs 132.80 per kg after speculators created fresh positions driven by rising demand in the spot market amid a firming trend overseas.

At the Multi Commodity Exchange, lead for delivery in February traded higher by Rs 1.10, or 0.84 per cent, to Rs 132.80 per kg, with a turnover of 294 lots.

The metal for delivery in March rose by Rs 1.05, or 0.83 per cent, to trade at Rs 133.85 per kg, in a business turnover of 26 lots.

Marketmen said apart from strong domestic demand from battery-makers, a firming trend in the base metals pack at the London Metal Exchange, influenced lead prices at futures trade here. (AGENCIES)