Recent News

Cotton futures rise by Rs 270 after nearly 5% fall in a weekPrices for cotton futures, deliverable in March, gained about a per cent in Mumbai trading on Wednesday. This comes after a nearly 5 per cent drop since February 11 when it hit a recent high.On MCX, the commodity traded at Rs 37,290 per bale, up Rs 270 or 0.73 per cent compared to last close. It had hit a high of Rs 38,870 on February 11 but has been in a downtrend since then.Analysts said record rally in ICE Cotton prices, falling global cotton stocks, lower Indian cotton crop/stock revision by USDA & CAI, retrenched selling by farmers and strong demand by domestic millers had lifted domestic cotton futures to record high level last week.“However, increased geo-political tension in the global market amid Russia-Ukraine impasse, demand rationalization after 10 straight weeks of one-side rally and drop in ICE Cotton futures may keep domestic cotton prices under check in coming sessions,” said Mohit Vyas of Kotak Securities.Kotak Securities said supports for the commodity stands at Rs 36,025, Rs 36,548 and Rs 37,195, while resistances at Rs 38,365, Rs 38,888 and Rs 39,535. It said if the counter breaks out above Rs 38,074, it can hit a high of Rs 38,611. On the other hand, if it falls below Rs 36,787, it can plunge up to Rs 36,249.

Sensex rises, opens up 272 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 272.37 points to open at the level of 57573.05.

Rupee opens 20 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 20 paise at Rs 74.67 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 74.87 with a loss of 38 paise against the dollar.

All India weather forecast for February 23, 2022Weather systems made across the countryA Western Disturbance is persisting over North Pakistan adjoining Jammu and Kashmir.The Induced Cyclonic Circulation lies over South Pakistan and adjoining Southwest Rajasthan.A Cyclonic Circulation is persisting over Bangladesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain and scattered snowfall occurred over Jammu and Kashmir.Light to moderate rain occurred over Meghalaya and Nagaland.Rest of Northeast India received light rain.Scattered light rain occurred over southern parts of Andaman and Nicobar Islands.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls is very likely over Western Himalayas till February 23 and it may decrease thereafter.Light rain may occur over parts of Punjab, Haryana and isolated parts of Delhi NCR.Light rain is possible over southern parts of Andaman and Nicobar Islands, Arunachal Pradesh, South Tamil Nadu and Kerala.

Today evening, the rupee depreciated by 38 paise to close at 74.88 against the dollar.Today, due to the Russia-Ukraine dispute, the stock market closed with a fall.  Although at one time the Sensex had broken more than 1000 points, but in the end today where the Sensex fell by about 382.91 points and closed at the level of 57300.68 points.On the other hand, Nifty closed at the level of 17092.20 points down by 114.50 points.  

Stock market plunged in Russia Ukraine dispute, Sensex lost 1287 pointsToday the stock market opened with a heavy fall due to Russia Ukraine dispute. Today the BSE Sensex fell by about 1287.34 points and opened at the level of 56396.25 points.

Rupee depreciates against dollar, opens 20 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 20 paise at Rs 74.70 against the dollar. At the same time, the rupee on Monday gained 16 paise to close at Rs 74.50 against the dollar.

All India weather forecast for February 22, 2022Weather systems made across the countryA trough is extending from East Bihar to South Coast of Orissa.A fresh Western Disturbance is expected to approach the Western Himalayas on February 22.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain and thundershower occurred over southern parts of Andaman and Nicobar Islands, Coastal Odisha, Sikkim and Northeast India.Light rain occurred over East Bihar, parts of Jharkhand and Interior Odisha.Light rain occurred in Chhattisgarh.Weather activity likely during next 24 hoursThere is a possibility of light to moderate rain and snowfall in Arunachal Pradesh during the next 24 hours.On February 21, scattered rain may occur over rest of Northeast India and some parts of Western Himalayas.Rain and snowfall may increase in the Western Himalayas between February 22 and 24. On February 22 and 23, there may be scattered heavy snowfall over the hills.Scattered rains are possible over parts of Punjab, Haryana, Delhi, Sub-Himalayan West Bengal and Sikkim.Rain will start over East Madhya Pradesh, Chhattisgarh, Jharkhand, Bihar and parts of West Bengal on February 24 and may continue till February 25.

Rupee strengthened by 16 paise to close at Rs 74.50 against dollar today evening.Today the closing took place with a fall in the stock market.Today, where the Sensex fell by about 149.38 points, it closed at the level of 57683.59 points. On the other hand, Nifty closed at 17206.70 points down by 69.60 points.   

Rupee opens 16 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 16 paise at Rs 74.50 against the dollar. At the same time, the rupee on Friday closed at Rs 74.66 with a gain of 45 paise against the dollar.

As soon as the Sensex opened, 361 points also fell.Today the stock market opened with a fall. Today the BSE Sensex fell by about 360.95 points and opened at the level of 57472.02 points.