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Business Daily from THE HINDU group of publications Thursday, June 4, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1230 hrs (IST)
Commodities Lead maintains upward trend on increased buying NEW DELHI: Lead futures remained in demand and gained 0.60 per cent in early trade on the Multi Commodity Exchange (MCX) on increased buying by speculators. Pick-up in demand in the spot markets for the metal also supported the uptrend. At 1100 hrs on the MCX platform, lead for the most-active June-month contract strengthened by 0.60 per cent to Rs 75.10 per kg, with an open interest for 2,389 lots, while the July contract added 0.50 per cent to Rs 75.70 per kg in trading of 133 lots.
Market analysts said besides short-covering, pick-up in demand for the metal in the spot markets, mainly led to the rise in lead prices at the futures market here. - PTI
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