Lead futures zoom 1.18% as demand picks up : 23.1.2017

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Lead futures rose over 1 per cent during morning trade in the domestic market on Monday as investors and speculators build up fresh positions in the industrial metal amid uptick in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for January 2017 contract is trading at Rs 159 per kg, up by 1.18 per cent, after opening at Rs 157.35, against a previous close of Rs 157.15. It touched the intra-day high of Rs 159.35 (at 11:18 hours).