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The rupee today strengthened by 19 paise to close at 74.68 against the dollar.Although the rupee also started with an increase today. The rupee opened against the dollar today with a gain of 4 paise at 74.83. On the other hand, the rupee had closed at a level of 74.87 against the dollar in Monday's trading.Today the stock market closed with a fall.Today where the Sensex closed at the level of 60029.06 points with a fall of about 109.40 points. On the other hand, Nifty closed at the level of 17889.00 points down by 40.70 points.   

Rupee opens 2 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 2 paise at Rs 74.84 against the dollar. At the same time, on Monday, the rupee strengthened by 2 paise to close at Rs 74.86 against the dollar.

Sensex opens sharply, rises 213 pointsToday the stock market opened with great momentum. Today the BSE Sensex opened with a gain of 213.04 points at the level of 60351.50 points. On the other hand, NSE's Nifty gained 63.80 points to open at the level of 17993.50 points.

*PAKISTAN COTTON MARKET UPDATE**Spot rate holds present level amid slow trading**Official spot rate was firm on the local cotton market on Monday amid modest trading activity.**The Spot Rate remained unchanged at Rs 15400 per maund. The polyester fiber was available at Rs 247 per kg.**The rate of cotton in Sindh remained between Rs 12500 to Rs 16,000 per maund and the rate of cotton in Punjab was registered at Rs 14,200 to Rs 15,600 per maund.**The rate of the new crop of Phutti in Sindh was remained between Rs 4,500 to Rs 6,500 per 40 kg. While Phutti prices in Punjab were between Rs 5,500 to Rs 7,500 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,000 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 8,000 per maund, said Naseem Usman.**The rate of Banola in Sindh was between Rs 1,350 to Rs 2,000 per maund. While in Punjab rates of Banola were between Rs 15,50 to Rs 2,000 per maund. The rate of Banola in Balochistan today was Rs 16,000 to 2,000 per maund.**1000 bales of Khair Pur were sold at Rs 14600 to Rs 15200 per maund, 800 bales of Rohri were sold at Rs 14800 to Rs 5200 per maund, 400 bales of Sadiqabad, 200 bales of Kot Sabzal were sold at Rs 16000 per maund, 200 bales of Bahwal Pur were sold at Rs 15200 per maund, 200 bales of Faqeer Wali were sold at Rs 15300 per maund, 800 bales of Yazman Mandi, 1600 bales of Haroonabad were sold at Rs 15000 per maund, 400 bales of Bahawal Nagar were sold at Rs 14300 per maund and 400 bales of Sehar Sultan were sold at Rs 14825 per maund.**Cotton Analyst Naseem Usman told that surging cotton rates in local and global markets are feared to hit Pakistan's textile exports hard as a huge increase in cost of production would drastically compromise their competitiveness.*

*Cotton prices in Punjab hit an all-time high, cross ₹10,000 level**Due to the increasing demand for Indian yarn in the global market, cotton prices may see a further rise.**About 2,080 quintals of cotton were procured by private buyers in Muktsar on November 1 and so far 1.31 lakh quintals have been sold in the district.**The "white gold" crop touched a record breaking rate of Rs 10,500 per quintal on the first day of November, three days after official estimates of heavy losses in raw cotton production this year.**According to the official data of Punjab Mandi Board, the rate of cash crop in Muktsar was told in five digits on Monday.**It was not confirmed how much quantity was procured for the historical rate of ₹10,500 per quintal, which was 77% higher than the minimum support price of ₹5,925 fixed by the central government for the 2021-22 kharif season.**Industry sources said this is the first time that cotton prices have crossed Rs 10,000.**Due to the ongoing high demand for Indian yarn in the global market, the prices are likely to see a further rise.**About 2,080 quintals of cotton were procured by private buyers in Muktsar on November 1 and so far 1.31 lakh quintals have been sold in the district.**Districts growing semi-arid cotton reported sales of 6.35 lakh quintals till November 1.**In the 2020-21 season, Punjab produced about 50 lakh quintals of cotton.**Before cotton harvesting began, the industry and the Cotton Corporation of India, a central-government agency, had estimated rates higher than the MSP based on market trends.**However, the deadly pink bollworm infestation in major cotton growers Bathinda and Mansa dashed the hopes of farmers.**Today 11,258 quintals of cotton were sold by the farmers in various mandis of South Malwa district.**The Punjab government has described Bathinda and Mansa districts as the most affected by the pink bollworm attack, with rates between Rs 9,600 and Rs 9,330 per quintal.**Till November 1, Bathinda has bought 1.30 lakh quintals and private buyers 1.43 lakh quintals.**This season, Fazilka, which remained unaffected by the pest attack, is leading with 2.12 lakh quintals and the cotton rate on Monday stood at ₹8,800-9,095 per quintal.* 

*All India Weather Forecast for November 02, 2021**Countrywide weather systems*The Low Pressure Area is presently over Tamil Nadu Coast and Sri Lanka and is expected to remain over the same area for few more days and then move westwards.A fresh Western Disturbance is over Western Himalayas.A Cyclonic Circulation is persisting over North Pakistan and adjoining areas.*Weather movement across the country during the last 24 hours*During the last 24 hours, several parts of Tamil Nadu and Kerala witnessed moderate to heavy rains.Light to moderate rain was observed over isolated parts of Andhra Pradesh, Karnataka, Goa, Lakshadweep, Andaman and Nicobar Islands.No significant change in temperature was observed over the northwest and central parts of the country.*Possible weather activity during next 24 hours*During the next 24 hours, moderate to heavy rains are very likely over Tamil Nadu and Puducherry along with some parts of Coastal Andhra Pradesh, Kerala and Telangana.Good rains are expected over Rayalaseema and South Interior Karnataka.Light to moderate rain may occur over Andaman and Nicobar Islands and Lakshadweep. *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*

Today evening, the rupee strengthened by 1 paise to close at Rs 74.86 against the dollar.Sensex rose again by 832 points to 60 thousandToday the stock market closed sharply. Today, where the Sensex closed at the level of 60138.46 points with a gain of about 831.53 points. On the other hand, Nifty closed at the level of 17929.70 points with a gain of 258.00 points.  

Rupee ruffled against the dollar, opened 12 paise weakRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 12 paise at Rs 75.00 against the dollar. At the same time, the rupee on Friday closed at Rs 74.88 with a gain of 5 paise against the dollar.Strong opening in Sensex, opened up by 414 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 413.76 points to open at the level of 59720.69 points. On the other hand, the Nifty of NSE opened with a gain of 151.40 points at the level of 17823.10 points.

*Cotlook’s October supply and demand forecasts indicate**greater decrease in world stocks**Cotlook’s estimate of raw cotton output during the 2020/21 season has been maintained during October.**Global consumption has been raised modestly, owing to an upward adjustment for the Indian subcontinent. World stocks are therefore estimated to have decreased by 1,359,000 tonnes by July 31, 2021.**For the 2021/22 season, production has been lowered slightly, owing to a considerable decrease for the United States that was partially offset by a rise for Pakistan. Conversely, consumption was raised by 50,000 tonnes, due to a change for the Indian subcontinent. Hence, global cotton stocks are forecast to be reduced by 207,000 tonnes by the end of 2021/22, compared with 122,000 a month ago.*

*All India Weather Forecast for November 01, 2021 **Countrywide weather systems*A Low Pressure Area is presently over Sri Lanka, off Tamil Nadu coast and is very likely to move westwards in the next 3-4 days.A weak Western Disturbance is likely to affect the Western Himalayas around November 1.*Weather movement across the country during the last 24 hours*During the last 24 hours, moderate to heavy rains were observed over many parts of Tamil Nadu, Kerala and South Interior Karnataka.Light to moderate rain was observed over isolated parts of Andhra Pradesh, Northeast India, Lakshadweep, Andaman and Nicobar Islands.No significant change in temperature was observed over the Northwest and Central part of the country.*Possible weather activity during next 24 hours*During the next 24 hours, moderate to heavy rains are very likely over Coastal Andhra Pradesh, Kerala along with Tamil Nadu and Puducherry.Good rains are expected over Rayalaseema and South Interior Karnataka.Light to moderate rain may occur over Andaman and Nicobar Islands and Lakshadweep.The minimum temperatures are likely to drop over some parts of Bihar, Jharkhand and Gangetic West Bengal.

PAKISTAN COTTON MARKET UPDATEVolume of business satisfactory on cotton marketThe Spot Rate Committee of the Karachi Cotton Association on Friday has increased the spot rate by Rs 100 per maund and closed it at Rs 15400 per maund.The Spot Rate Committee of the Karachi Cotton Association on Friday has increased the spot rate by Rs 100 per maund and closed it at Rs 15400 per maund. The polyester fibre was available at Rs 247 per kg.The local cotton market remained bullish and trading volume remained satisfactory.The rate of cotton in Sindh remained between Rs 12000 to Rs 16,000 per maund and the rate of cotton in Punjab was registered at Rs 14,500 to Rs 15,800 per maund.The rate of the new crop of Phutti in Sindh was remained between Rs 4,500 to Rs 6,500 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 7,800 per 40 kg.Similarly, prices of cotton in Balochistan were remained at Rs 14,500 to 15,800 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,800 to 8,200 per maund, said Naseem Usman.The rate of Banola in Sindh was between Rs 1,350 to Rs 1,950 per maund. While in Punjab rates of Banola were between Rs 16,00 to Rs 2,100 per maund. The rate of Banola in Balochistan today was Rs 16,000 to 2,000 per maund.2600 bales of Dherki were sold at Rs 15900 to Rs 16000 per maund, 800 bales of Pano Aqil were sold at Rs 15700 per maund, 400 bales of Ghotki were sold at Rs 15900 per maund, 1200 bales of Mir Pur Mathelo were sold at Rs 15600 to Rs 15900 per maund, 600 bales of Ubaro were sold at Rs 15800 per maund, 200 bales of Sarhad were sold at Rs 15700 per maund, 1200 bales of Rohri were sold at Rs 14500 to Rs 14700 per maund, 2000 bales of Sadiqabad, 4000 bales of Rahim Yar Khan were sold at Rs 15500 to Rs 15600 per maund, 1000 bales of Khair Pur were sold at Rs 15600 per maund, 800 bales of Mian Wali were sold at Rs 15500 to Rs 15550 per maund, 1200 bales of Haroonabad were sold at Rs 14800 to Rs 15400 per maund, 2000 bales of Fort Abbas were sold at Rs 15200 per maund, 400 bales of Lodhran were sold at Rs 15000 per maund, 800 bales of Dharan Wala were sold at Rs 14775 to Rs 15000 per maund, 1000 bales of Yazman Mandi were sold at Rs 14850 to Rs 15000 per maund, 400 bales of Kassowal were sold at Rs 15000 per maund, 400 bales of Faqeer Wali were sold at Rs 14850 per maund, 400 bales of Layyah were sold at Rs 14775 per maund.