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Sensex collapses as soon as it opens, registers a fall of 86 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 86.08 points and opened at the level of 55683.15 points. On the other hand, NSE's Nifty fell by 23.50 points to open at the level of 16560.80 points.

All India Weather Forecast for June 6, 2022Weather systems made across the countryA cyclonic circulation is persisting over eastern part of Uttar PradeshA trough is extending from this cyclonic circulation to Nagaland across Bihar, Sub-Himalayan West Bengal and Assam.Another trough is extending from Bihar to North Coastal Andhra Pradesh across Jharkhand and Chhattisgarh.A cyclonic circulation lies over east central and adjoining southeast Bay of Bengal at 3.1 to 7.6 km above sea level.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Assam, Meghalaya and Arunachal Pradesh.Rest of Northeast India, Andaman and Nicobar Islands, Sub-Himalayan West Bengal, Sikkim and parts of Odisha received light to moderate rains.Light to moderate rain occurred over Gangetic West Bengal, eastern parts of Jharkhand, Kerala, Tamil Nadu, South Interior Karnataka and one or two places over Vidarbha and Jammu and Kashmir.Heat wave conditions were observed over many parts of Delhi and at isolated places over Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Haryana, South Uttar Pradesh, North Madhya Pradesh, East Vidarbha, North Rajasthan, Odisha and Chhattisgarh.Probable weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely over Northeast India, Andaman & Nicobar Islands, South Interior Karnataka and Coastal Karnataka.Light to moderate rain may occur over Lakshadweep, Kerala, Interior Tamil Nadu, Sub-Himalayan West Bengal, Sikkim, parts of Gangetic West Bengal and North Interior Karnataka.Light rain is possible over eastern parts of Bihar, South Konkan and Goa and Jammu and Kashmir.Heat wave conditions are possible over many parts of Delhi and at isolated places over Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Haryana, South Uttar Pradesh, North Madhya Pradesh, East Vidarbha, North Rajasthan Odisha and Chhattisgarh.

Today evening, the rupee depreciated by 2 paise to close at Rs 77.62 against the dollar.Heavy morning rush turned into evening decline, 49 points brokenThe stock market, which opened with a huge boom this morning, again came under the grip of a fall in the evening. Today, where the Sensex closed at the level of 55769.23 points down by about 48.88 points.On the other hand, Nifty closed at 16584.30 with a gain of 43.70 points.

Sowing of Kharif crops gets low as compared to the previous year by June 03rdThe sowing of kharif crops gets started with the onset of June. The major crops that are sown in the season are pulses, cereals, rice, oilseeds, cotton, sugarcane etc. As per the report generated by the government here is the comparative analysis of sowing area of kharif crops( in lakh hectare) in the month of June in last year and the current year.Pulses including arhar, kulthi, urad, moong has been sown in 1.09 ( lakh hectare) area which was sown in 0.81 last year , which records a difference of 35.08% increase of sowing area.Rice being a major kharif crop has recorded downfall in terms of sowing that is the difference of 0.14 lakh hectare.If we talk about oilseeds, there’s no apparent difference in sowing it was 0.37 by the start of June in last year and current year as well.As far as Jute and Mesta are concerned they have covered a little lesser area than the last year that is 6.45 in 2021 and 6.31 in 2022.Last but not the least; the government has not revealed any data of plantation of cotton seeds yet. But, if we look at the last year’s data, cotton had covered 13.55 lakh hectare area.In essence, By this time in last year kharif crops had already been sown in 72.28 lakh hectare area, which is merely 10.02 this year which is clearly 86.13% less.   

Government unable to cater the data of sowing of cottonEven after the start of sowing season of one of the major kharif crops cotton, the government has still not provided the facts of cotton sown in terms of area covered. Cotton being a major commodity for traders, millers, spinners, ginners and many others, its information is crucial to every sector. The unavailability of the amount of crop sown can affect severely every entity associated with it.However, if we take a look at the last year’s data, by the start of June the cotton crop had already been sown in 13.55 lakh hectare area. On this basis, industry owners and others can speculate the quantity of plantation but it’s quite risky to make sensitive moves without being available with crisp data.

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 77.48 against the dollar. At the same time, on Thursday, the rupee closed at Rs 77.60 with a weakness of 9 paise against the dollar.

All India weather forecast for June 3, 2022Weather systems made across the countryparts of central Arabian Sea, some more parts of Karnataka, parts of Konkan and Goa, parts of Tamil Nadu, parts of southwest Bay of Bengal, west central and northeast Bay of Bengal, and parts of northeast India Conditions are becoming favorable for further advance of Southwest Monsoon into sub-Himalayan West Bengal and Sikkim during next 24 to 48 hours.A Cyclonic Circulation lies over Southeast Uttar Pradesh and adjoining region.A trough is extending from a cyclonic circulation over Southeast Uttar Pradesh to East Bangladesh across South Bihar, Jharkhand and Gangetic West Bengal.The Cyclonic Circulation lies over South Bangladesh and adjoining North West Bay of Bengal, extending up to 5.8 km above sea level. Leaning to the south with altitude.A windswept john between 3.1 and 5.8 km can be seen at 10°N latitude in the South Peninsula.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated falls occurred over northern parts of Andaman and Nicobar Islands, parts of Manipur, Meghalaya, Sikkim and one or two parts of Kerala and Lakshadweep.Light to moderate rain occurred at isolated places over rest of North East India, Interior Tamil Nadu, Coastal and North Interior Karnataka, parts of North and East Uttar Pradesh and Jharkhand.Light rain occurred over Chhattisgarh, Coastal Andhra Pradesh, Konkan and Goa and parts of Jammu and Kashmir.Dust storm, thunderstorm and light rain occurred in parts of Haryana and North Rajasthan of Delhi.Heat wave is prevailing in different parts of North Madhya Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with one or two parts of Sikkim, North East India, parts of Andaman and Nicobar Islands, Lakshadweep, Rayalaseema and South Interior Karnataka and Kerala is likely to occur at isolated places.Light to moderate rain may occur over Coastal Karnataka, Interior Tamil Nadu, Sub-Himalayan West Bengal and Jammu and Kashmir.Heat wave is possible in isolated parts of Rajasthan, South-West Uttar Pradesh and Madhya Pradesh.

Rupee slips 10 paise to close at 77.60 against US dollarThe rupee depreciated by 10 paise to close at 77.60 (provisional) against the US dollar on Thursday, even as oil prices eased and domestic equities settled on a positive note.Sensex rebounds after 2-day hiatus, ends 437 pts higher; Nifty tops 16,600; RIL up 4%, Adani group stocks rally up to 5%sensex jumping 437 points amid heavy buying in index heavyweight Reliance Industries and positive trends from European markets. The 30-share BSE Sensex jumped 436.94 points or 0.79 per cent to settle at 55,818.11. During the day, it gained 510.75 points or 0.92 per cent to 55,891.92. The broader NSE Nifty climbed 105.25 points or 0.64 per cent to finish at 16,628.   

Powerloom units resumes production in Coimbatore and Tirupur districts after yarn price hikeMost of the powerloom units in Tirupur and Coimbatore have resumed their operation which was halted in protest of rise of yarn rates, on Wednesday.The job work weavers who depend on beams manufactured by powerlooms were greatly suffering by the stoppage of operations and thus for their sake the units started them again as told by, K Sakthivel, co-ordinator of Tirupur and Coimbatore Textile Manufacturers Federation. We are also looking forward to shift to artificial yarns like polyester and rayon to keep the working on. Units will start working with cotton again as soon as the price drops, he added.On the other side, G Venkatesan, vice president of South India Spinners Association said the spinning mills will continue to strike by cutting their production. They are operating on 40% capacity just to keep the spindles in good condition.

Rupee collapses against dollar, opens weak by 9 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 9 paise at Rs 77.61 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 77.52 with a strength of 12 paise against the dollar.

The country's wheat output is estimated to drop by about 3 per cent to 106.41 million tonnes in the 2021-22 crop year (July-June) from the previous year, agriculture ministry said in its latest estimate released on Thursday. The production is, however, lower by 4.61 per cent from the earlier estimate of 111.32 million tonnes projected for the 2021-22 crop year, the data showed.