Lead futures down on subdued spot demand, global cues

Lead eased 0.30 per cent to Rs 149.15 per kg in futures trade today after participants cut down bets largely in sync with a weak trend at the domestic spot markets due to muted demand and weak global cues.

At the Multi Commodity Exchange, the March contract of lead fell by 45 paise, or 0.30 per cent, to Rs 149.15 per kg in a business turnover of six lots.

The March contract of the metal declined by 40 paise, or 0.27 per cent, to Rs 148.70 per kg in 151 lots.

Marketmen said the fall in lead futures was due to a subdued demand from battery-makers at domestic markets and a weakening trend in base metals in the global markets.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)