Leicester City 1 Peterborough United 1
Paul Gallagher put the Foxes ahead in the second half, but his goal was cancelled out by Lee Tomlin's header with twenty minutes remaining.
Leicester looked the team most likely take all three points, but Darren Ferguson's side were able to withstand the pressure and hold the hosts to their first home draw of the season.
Nigel Pearson will have been pleased with his side's start to the match following their 2-1 loss at Hull City last weekend, and looked to take advantage of some poor defending by the visitors in the early stages of the first half.
Andy King's inviting ball across goal resulted in a barrage of corner kicks, before Jermaine Beckford headed just wide after twelve minutes.
Lloyd Dyer then tested Posh goalkeeper Joe Lewis with a 25 yard strike, whose fumble fortunately fell into the path of a Peterborough defender.
Leicester looked to capitalise on their dominance when Paul Gallagher's free-kick was flicked on by David Nugent into a great position, but there was no end product - much to the frustration of the hosts.
As the first-half continued, Peterborough began to threaten at the other end when Lee Tomlin's clever ball behind the Leicester back line to Emile Sinclair forced a brave interception by Kasper Schmeichel..
Jermaine Beckford hit the post from a tight angle before Joe Lewis made an outstanding save from Sean St. Ledger's close range header in first-half stoppage time.
Leicester did eventually take the lead after the break when Paul Gallagher took advantage of some lacklustre Peterborough defending from a short corner, and a clever pass from David Nugent, to fire the ball past Joe Lewis from twelve yards.
It was a well-worked goal from the hosts which continued their trend of beginning the second-half strongly at home.
But Peterborough were far from dead and buried and found themselves back in the game after 70 minutes when Emile Sinclair's pinpoint cross into the box picked out Lee Tomlin in between Sean St. Ledger and Lee Peltier to head past Kasper Schmeichel from six yards.
It was a deserved goal for the visitors who had stuck to their game plan all afternoon of effectively breaking on the counter attack.
The hosts looked to restore their lead and came close when Lee Peltier's near post shot forced Joe Lewis into a low save.
But it was Peterborough who could have taken all three points with five minutes remaining after a good initial save from Kasper Schmeichel forced a goalmouth scramble, before the Leicester defence eventually managed to clear their lines.
The remainder of the match fizzled out, ensuring that both teams earned a point - although Leicester enjoyed the lion's share of opportunities to bounce back from last weekend's loss.