Chinese yarn profit recovers after cotton price fallsDuring the period from June 20- June 24, the Zhengzhou market declined sharply by 1000 yuan/mt. The significant reason behind is the macro environment. Under the macro sentiments all the global recessions got intensified. In both Chinese and International markets, the prices of commodities got lowered down.The major affecting factor for cotton futures decline is mainly the macro sentiment. Ice cotton futures tumbles which in result weakens the Chinese cotton market.It is also heard that the Chinese government may sell imported cotton and purchase Xinjiang cotton, with a reserving volumekt.
Sensex falls by 189 points as soon as it opensToday the stock market opened with a fall. Today the BSE Sensex fell by about 189.31 points and opened at the level of 52971.97 points. On the other hand, the Nifty of NSE opened at a level of 15779.30 points down by 52.70 points.Rupee collapses against dollar, opens weak by 23 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 23 paise at Rs 78.57 against the dollar. At the same time, on Monday, the rupee closed at Rs 78.34 with the strength of 1 paise against the dollar.
All India Weather Forecast for June 28, 2022Countrywide weather systemsA low pressure area has formed over the Arabian Sea, southeast of Gujarat. The associated cyclonic circulation is extending up to the middle troposphere level.The Offshore Trough is extending from South Gujarat Coast to North Kerala Coast.A Cyclonic Circulation is persisting over Northwest Rajasthan and adjoining area.From the cyclonic circulation over Northwest Rajasthan, the East West Trough is extending up to West Central Bay of Bengal crossing East Rajasthan, Madhya Pradesh, Chhattisgarh and South Odisha.A Cyclonic Circulation is persisting over South Chhattisgarh and adjoining region.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain occurred at isolated places over Sikkim, Sub-Himalayan West Bengal, parts of Assam, Arunachal Pradesh, Coastal Andhra Pradesh, Goa, Konkan and Goa Goa and South Madhya Pradesh. Light to moderate rain accompanied by heavy rain at one or two places.Light to moderate rain occurred over Gangetic West Bengal, parts of Uttarakhand, Andaman and Nicobar Islands, Telangana, Coastal Karnataka, Lakshadweep, Kerala and parts of Gujarat.Light rain occurred at one or two places over Odisha, remaining parts of Kerala, remaining parts of Madhya Pradesh, Himachal Pradesh, Uttar Pradesh, Jharkhand and scattered rain over Chhattisgarh.Weather activity likely during next 24 hoursConditions are becoming favorable for further advance of Monsoon into some parts of Bihar, Uttar Pradesh, parts of Gujarat, Rajasthan, remaining parts of Madhya Pradesh and Uttarakhand in next 2 to 3 days.During the next 24 hours, isolated light to moderate rain with isolated falls over Sub-Himalayan West Bengal, Sikkim, Assam, Meghalaya, Arunachal Pradesh, Konkan and Goa, some parts of Coastal Karnataka, some parts of Gujarat, Interior Maharashtra, South Madhya Pradesh Heavy rain may occur at places. Heavy rain is possible at two places over Telangana, South Chhattisgarh, Odisha, Andaman and Andaman and Nicobar Islands and Uttarakhand.Light to moderate rain is possible over rest of Northeast India, parts of Bihar, Odisha, West Madhya Pradesh, parts of East Rajasthan, Saurashtra and Kutch, Telangana, Coastal Andhra Pradesh, Kerala and Lakshadweep.Light rain is possible at one or two places over Tamil Nadu, Jharkhand, Gangetic West Bengal and Himachal Pradesh and Uttar Pradesh.
Rupee closed at 78.34 against the dollar today evening with no change.Indian rupee ended flat at 78.34 per dollar against Friday's close of 78.34.Today the share market closed sharply.The Sensex closed up 433.30 points or 0.82% at 53,161.28 and the Nifty gained 132.70 points or 0.85% at 15,832.
Rupee opens 10 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 10 paise at Rs 78.24 against the dollar. At the same time, on Friday, the rupee closed at Rs 78.34 with a weakness of 4 paise against the dollar.Stormy rise in Sensex, open up 620 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 620.20 points to open at the level of 53348.18 points. On the other hand, the Nifty of NSE opened with a gain of 185.50 points at the level of 15884.80 points.
All India Weather Forecast for June 27, 2022Countrywide weather systemsA trough is extending from South Gujarat to North Kerala Coast.A cyclonic circulation can be seen over the western part of Rajasthan at low levels.Another cyclonic circulation lies over East-central Arabian Sea off Maharashtra coast.A cyclonic circulation over North Interior Odisha and adjoining region.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy to very heavy falls occurred over Konkan and Goa.Light to moderate rain occurred at one or two places over Meghalaya, East Assam and Arunachal Pradesh and over Chhattisgarh.Light to moderate rain occurred over Andaman and Nicobar Islands, Coastal Karnataka, Kerala, Marathwada, Madhya Maharashtra, South Gujarat, Coastal Andhra Pradesh, Gangetic West Bengal, remaining parts of Chhattisgarh and Sikkim.Light rain occurred at one or two places over Tamil Nadu, Lakshadweep, Rayalaseema, Bihar, Jharkhand and Uttarakhand.Weather activity likely during next 24 hoursDuring the next 24 hours, one or two over Sub-Himalayan West Bengal, Sikkim, Assam, Meghalaya, Arunachal Pradesh, Andaman and Nicobar Islands, Coastal Karnataka, Konkan and Goa and Interior Maharashtra, Telangana, Southwest Madhya Pradesh and Gujarat. Light to moderate rain is possible at two places.Light to moderate rain is possible over rest of Northeast India, parts of Bihar, Jharkhand, Chhattisgarh, Gujarat region, Uttar Pradesh, Uttarakhand and parts of Kerala.Light rain is possible at one or two places over Tamil Nadu, Telangana, Coastal Andhra Pradesh and East Rajasthan.
Know how this week was for textile investorsHave a look at the stock report of major textile companies from June 20 to June 26For the last few months, there was a downtrend in the stock market, which also affected the investors of textile companies. But the last week can be said to be a mixed response for textile investors. In fact, this time there was a slight decrease in the share value of almost all the companies as compared to last month, but there was a positive change in the market cap of the companies. Let's know how the report of major textile companies was on the platform of BSC -Vardhman TextileCurrent Prize - 277.05Lowest Prize - 245.50Highest Prize - 281.35Movement - 10.78 percentArvind LimitedCurrent Price - 89.50Lowest Prize - 82.00Highest Price- 91.75stir-4.07 percentWelspun LimitedCurrent Price- 74.10Lowest Prize-67.05Highest Price - 74.55Movement-6.54 percentNitin Spinners LimitedCurrent Price - 207.85Lowest Prize - 182.10Highest price-210.00stir- 3.98Akshita Cotton LimitedCurrent Price – 194.90Lowest Price- 205.80Highest Price - 170.65stir-8.28%Raymond LimitedCurrent Price-854.60Lowest Prize-797.00Highest Prize-895.20Movement- -3.33 percent
Today evening the rupee closed with a weakness of 5 paise at Rs 78.34 against the dollar.Sensex rises, closes by 462 pointsToday the stock market closed sharply.Today, where the Sensex rose by about 462.26 points, closed at the level of 52727.98 points.On the other hand, Nifty closed at the level of 15699.30 points with a gain of 142.60 points.
Cotton cultivation will be done in 70 lakh acres in TelanganaDue to the rapid jump in the prices of cotton, cotton remains the first choice of farmers this Kharif season. This time the area under cotton has increased in almost all the states. According to sources, this time there is a possibility of cotton cultivation in Telangana too. A total of 1.42 crore acres will be cultivated in Telangana this Kharif season. In which the largest part will be from cotton cultivation. The area under cotton cultivation has been fixed at 70 lakh acres.In a recent meeting in Telangana, several suggestions were made for sowing in Kharif season. Among kharif crops other than cotton, red gram has been suggested to be cultivated in 15 lakh acres while 45 lakh acres of land will be used for paddy cultivation. On this occasion, Agriculture Minister Niranjan Reddy directed the officials to provide adequate quantity of seeds and fertilizers to the farmers. At the same time, he urged the farmers to minimize the use of urea and artificial fertilizers so that the fertilizer capacity of the soil is maintained.
Bangladesh becomes biggest export market for IndiaRecently, data for the month of April of India's imports and exports was released. According to these new figures, there has been a steady decline in the export of cotton yarn from India. India exported 72,600 tonnes of cotton yarn in April 2022, which was 18.54 percent less than the previous year. And month-on-month the decrease was 31.13 percent. According to the report, the maximum exports from India were made to Bangladesh. Bangladesh accounts for 49 percent of the total exports. While the share of China in the export of cotton yarn was only 7 percent.Know which country's shareIn the export of major varieties of cotton yarn, China and Egypt were second only to Bangladesh. The share of both these countries was 7 percent. This was followed by Portugal and Peru with 4 percent of exports. Vietnam and Turkey accounted for 3 percent of cotton yarn exports. Guatemala, South Korea and Colombia accounted for 2 percent and other countries accounted for 17 percent of the total cotton yarn exported.Continuous decrease in exports from ChinaExported yarn varieties include HS Code-5205, Carded-CB-25S-1, Combed CB-25S-1, Combed C-25-30S-1, Combed C30-47S-1. Is. The report released mainly mentions the decrease in exports from China. According to this, 63.42 percent of C8-25S-1 cards were exported to China last year, which declined to 61.49 percent this year.
Rupee opens 7 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 7 paise at Rs 78.23 against the dollar. At the same time, the rupee on Thursday closed at Rs 78.30 with a strength of 8 paise against the dollar. Sensex rises 525 points to openToday the stock market opened with great momentum. Today the BSE Sensex opened with a gain of 524.78 points at the level of 52790.50. On the other hand, the Nifty of NSE opened with a gain of 161.00 points at the level of 15717.70 points.
All India Weather Forecast for June 24, 2022Weather systems made across the countryA Western Disturbance is over Jammu and Kashmir and adjoining areas which is moving eastwards.A Cyclonic Circulation is persisting over Jharkhand and adjoining parts of North Odisha.A trough is extending from the cyclonic circulation over Jharkhand and Odisha up to North Coastal Andhra Pradesh.Another trough is extending from South Gujarat Coast to Kerala Coast.Weather movement across the country during the last 24 hoursDuring the last 24 hours, heavy to very heavy rainfall occurred at one or two places over Odisha, East Rajasthan, Coastal Karnataka, parts of Konkan and Goa and over Manipur and Andaman and Nicobar Islands.Light to moderate rain occurred over parts of Gujarat, Madhya Pradesh, Chhattisgarh, Kerala, Lakshadweep, Rayalaseema, Interior Maharashtra, Jharkhand, Assam, Jammu and Kashmir and parts of Himachal Pradesh.ADVERTISEMENTLight rain was observed at one or two places over Interior Karnataka and Telangana, Uttar Pradesh, Bihar, Rajasthan and Himachal Pradesh.Northwesterly dry winds have started over parts of Northwest India and Central India, increasing the temperature.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain at isolated places is likely over Andaman & Nicobar Islands, Coastal Karnataka, parts of Konkan & Goa, Madhya Maharashtra, Sub-Himalayan West Bengal.Light to moderate rain with isolated heavy falls is possible over Sikkim, Assam, Arunachal Pradesh, Nagaland, Interior Maharashtra, South Chhattisgarh and Odisha. ,Light to moderate rain may occur over rest of Northeast India, Interior Odisha, Kerala, Interior Karnataka, parts of Tamil Nadu, Rayalaseema, Telangana and Lakshadweep.Light rain is possible at one or two places over Bihar, Jharkhand, Gangetic West Bengal, North Chhattisgarh, South and East Gujarat, parts of Southwest and East Madhya Pradesh and Western Himalayas.The weather of Northwest India including Punjab, Haryana, Delhi, most parts of West and Central Uttar Pradesh, northern parts of Rajasthan and Madhya Pradesh will remain dry for at least the next 2 to 3 days.The maximum temperatures are likely to rise further over parts of Northwest and Central India.
Rising cotton prices increased the problems, by October, only 5 to 7 percent of ginning and pressing factories in the country will be able to operateThe limited availability of cotton has put the ginning and pressing unit operators in jeopardy. Due to prevailing cotton prices and limited availability of cotton in the market, most of the factories have closed their operations. According to a research, there are a total of 3500 ginning and pressing units across the country. Out of which only 5 to 7 percent units will be able to operate till October. Most of the factories are forced to shut down their operations from now on.35% reduction in spinners consumption Cotton Association of India President Atul Ganatra said that speculators in the futures market have artificially increased the prices of cotton in the Indian market. However, in the last week, there has been a fall in the futures price of December. Cotton is being sold in India at a price of about 98 thousand to 1 lakh rupees per candy. With cotton becoming so expensive, the operation of ginning and pressing mills has become completely impractical. Generally, ginners sell their final products to spinners. But the consumption of spinning mills has also come down by 30 to 35 percent. The demand for spinners will remain high due to higher raw material prices. Only 20 factories out of 650 in Gujarat are operationalThe owner of a ginning and pressing factory in Gujarat said that out of the total ginning and pressing factories in the country, 650 factories are in Gujarat, out of which only 20 to 25 factories are operational at present. And due to lack of raw material, this factory may also stop working by the first week of July. Gujarat is followed by 500 factories in Maharashtra, 400 factories in Andhra and Telangana together, 350 odd factories in Punjab and Haryana, 250 in Karnataka and 125 in Tamil Nadu.
Rupee closed at Rs 78.30 with a gain of 6 paise against the dollar this evening.Sensex rises, closes up 443 points.Today the stock market closed sharply.Today, where the Sensex closed at the level of 52265.72 points with a gain of 443.19 points. On the other hand, Nifty closed at 15556.70 with a gain of 143.40 points.
US ban on Xinjiang products violates trade rules: Chinese associationThe U.S. ban on all imports from China's Xinjiang Uygur Autonomous Region is in violation of international economic and trade rules, the China National Textile and Apparel Council (CNTAC) said Wednesday.The U.S. ban on all imports from China's Xinjiang Uygur Autonomous Region is in violation of international economic and trade rules, the China National Textile and Apparel Council (CNTAC) said Wednesday.The CNTAC said it strongly opposes the U.S. ban, which has not only seriously damaged the overall interests of China's textile industry, but will also harm the normal order of the global textile industry.The remarks came after a ban on imports of all products related to Xinjiang by the U.S. Customs and Border Protection on Tuesday, based on the so-called "Uyghur Forced Labor Prevention Act."Xinjiang cotton, the quality of which is recognized globally, accounts for about 20 percent of the world's total cotton output and is a vital guarantee for the healthy and sustainable development of both the Chinese and global textile industries, the CNTAC said.Noting that the U.S. move is a malicious suppression of China's textile industry, the council said it seriously jeopardizes the security and stability of the industrial and supply chains of the global textile industry, and hurts the interests of workers in the global textile industry.Stressing that forced labor is explicitly prohibited under Chinese law, the CNTAC said that Chinese textile enterprises strictly abide by the laws, and that the so-called forced labor does not exist in China's textile industry.The CNTAC said it believes that China's textile industry will respond effectively to various risks and challenges with the support of the Chinese government.
Rupee opens 12 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 12 paise at Rs 78.26 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 78.38 with a weakness of 31 paise against the dollar.Sensex rises further, opens up 38 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 37.77 points to open at the level of 51860.30 points. On the other hand, the Nifty of NSE opened with a gain of 12.30 points at the level of 15425.60 points.
| title | Created At | Action |
|---|---|---|
| Chinese yarn profit recovers after cotton price falls | 28-06-2022 20:22:51 | view |
| Sensex falls by 189 points as soon as it opens | 28-06-2022 17:12:52 | view |
| All India Weather Forecast for June 28, 2022 | 28-06-2022 17:03:11 | view |
| Rupee closed at 78.34 against the dollar today evening with no change. | 27-06-2022 23:44:46 | view |
| Rupee opens 10 paise stronger against dollar | 27-06-2022 17:05:46 | view |
| All India Weather Forecast for June 27, 2022 | 27-06-2022 15:56:04 | view |
| Know how this week was for textile investors | 25-06-2022 22:58:09 | view |
| Today evening the rupee closed with a weakness of 5 paise at Rs 78.34 against the dollar. | 24-06-2022 23:17:32 | view |
| Cotton will be cultivated in 70 lakh acres in Telangana | 24-06-2022 21:50:17 | view |
| Major Yarn Export From India To Bangladesh | 24-06-2022 20:25:30 | view |
| Rupee opens 7 paise stronger against dollar | 24-06-2022 17:25:32 | view |
| All India Weather Forecast for June 24, 2022 | 24-06-2022 15:58:09 | view |
| Rising cotton prices increased the problems, by October, only 5 to 7 percent of ginning and pressing factories in the country will be able to operate | 23-06-2022 23:11:47 | view |
| Rupee closed at Rs 78.30 with a gain of 6 paise against the dollar this evening. | 23-06-2022 23:06:49 | view |
| US ban on Xinjiang products violates trade rules: Chinese association | 23-06-2022 18:20:00 | view |
| Rupee opens 12 paise stronger against dollar | 23-06-2022 17:29:25 | view |
