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Rupee opens 20 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 20 paise at Rs 74.96 against the dollar. At the same time, on Tuesday, the rupee closed at a level of Rs 75.16 with a weakness of 6 paise against the dollar.

Sensex opens sharply, rises 582 pointsToday the stock market opened with great momentum. Today the BSE Sensex opened with a gain of 582.29 points at the level of 57647.16 points.

*All India Weather Forecast for December 01, 2021**Weather systems made across the country*The Cyclonic Circulation lies over Southeast Arabia and adjoining Lakshadweep region extending up to 5.8 km above sea level.A low pressure area is expected to form over East-central Arabian Sea off Maharashtra coast around December 1.Another low pressure area is very likely to form over South Andaman Sea by the evening of 30 November. It is expected to move west-northwestwards and intensify into a depression over southeast and adjoining east-central Bay of Bengal during the next 48 hours.A Western Disturbance is likely to affect the Western Himalayas between December 1 and 2.Another fresh Western Disturbance is likely to affect Northwest India from the night of December 4.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain with isolated heavy falls occurred over Coastal Andhra Pradesh, parts of Tamil Nadu and Rayalaseema.Light to moderate rain occurred over remaining parts of Tamil Nadu, Rayalaseema, Kerala and Lakshadweep.Light rain occurred at isolated places over Karnataka and Marathwada and Andaman and Nicobar Islands.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain with isolated heavy falls at isolated places is likely over Coastal Andhra Pradesh, parts of Tamil Nadu, Kerala, South Gujarat and Andaman and Nicobar Islands and parts of Konkan and Goa.Light to moderate rain may occur over rest of Tamil Nadu and Madhya Maharashtra.Light rain is possible at isolated places over Rayalaseema, Karnataka, Central Gujarat, West Madhya Pradesh and Southeast Rajasthan.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

Rains, HTBT, pink bollworm down cotton yields by 20-25%"Late rains due to La Nina and pink bollworm incidence are the major reasons for poor yields and production in cotton this year Untimely rains, poor quality hybrid seeds used in HTBT (herbicide tolerant biotechnology) cotton seeds and incidence of pink bollworm in some areas have resulted in a severe drop in yields in the just concluded kharif season.Despite a huge demand for the fibre crop in the domestic and international markets, thousands of farmers are not able to cash in on a high price situation in several mandis.Industry experts peg the drop in yields and production by up to 20-25 per cent.“The heavy rain caused by Cyclone Gulab in Telangana, Andhra Pradesh, Maharashtra, Gujarat, Madhya Pradesh and Chhattisgarh have damaged the standing crop of cotton at many places. Excess rainfall in Maharashtra, Gujarat and Telangana could affect yield of cotton, which is in the flowering stage,” a Market Intelligence report by the Prof. Jayashankar Telangana State Agricultural University (PJTSAU) has said.M Prabhakara Rao, President of the National Seed Association of India, has said that late rains due to La Nina and pink bollworm incidence are the major reasons for poor yields and production in cotton this year.“Use of poor quality seeds supplied in the name of 4G (fourth generation Bt seeds) in Gujarat, Madhya Pradesh and Maharashtra is also an important reason for the drop in yields.

Indian Railways permits 12 ft high container for cargo movementsHaulage charges would be at part with 2018 notification, says a circular The Ministry of Railways has decided to permit the introduction of 12 feet high container of 20 feet length for cargo transportation on its network.In a circular issued on November 15, the Ministry said that the haulage charges for these containers would be at par with the charges notified in 2018 for different weight slabs on a per twenty-foot equivalent unit (TEU) basis.A TEU is the standard size and a common measure of capacity in the container business. When commodities notified by the Indian Railways are transported in 12 feet high containers, they will be charged at Container Class Rate (CCR) subject to the existing terms and conditions, the Ministry of Railways said in the circular.

*All India Weather Forecast for November 30, 2021**Weather systems made across the country*A Cyclonic Circulation is persisting over Comorin region and adjoining parts of Sri Lanka.A low pressure area is very likely to form over South Andaman Sea by tomorrow, November 30.A fresh Western Disturbance will reach Western Himalayas by 30th November.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain with isolated heavy falls occurred over Tamil Nadu, Kerala, South Coastal Andhra Pradesh and Rayalaseema.Light to moderate rain occurred over Interior Tamil Nadu, remaining parts of Kerala and Lakshadweep.*Light rain fell in Karnataka.**Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain with isolated heavy falls very likely over Andaman & Nicobar Islands, parts of Kerala, Tamil Nadu, Rayalaseema, South Coastal Andhra Pradesh and South Interior Karnataka.Light to moderate rain may occur over Coastal Karnataka, Konkan & Goa, Madhya Maharashtra, Interior Tamil Nadu and Lakshadweep.Light rain is possible over Telangana and South Gujarat.On December 01, rain activities will increase significantly over Konkan and Goa and Gujarat.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

Rupee opens 3 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 3 paise at Rs 74.84 against the dollar. At the same time, on Friday, the rupee declined by 36 paise to close at Rs 74.87 against the dollar.Sensex collapses as soon as it opens, breaks 534 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 533.60 points and opened at the level of 56573.55 points.

*Unable to run units to capacity for want of enough raw cotton, ginners face losses in Punjab**Most ginning factories working between 25-50% of capacity while nearly 10 units in Bathinda and Mansa districts of Punjab are lying shut**All 82 cotton ginning units of Punjab are unable to keep their operations running to capacity due to a shortage of nearly one-fourth of the required natural fibre in the market.**shut in Bathinda and Mansa.**A leading cotton ginner from Malout in Muktsar Bhagwan Bansal said against the average minimum requirement of 150 bales or 750 quintals per day, meagre 200 quintal cotton is available for processing. “A cotton ginning unit operator has to pay about ₹10 lakh fixed electricity charges for the nine-month season from September 1 onwards. As the pest attack has severely hit crop production, we are unable to run factories. We have to pay fixed charges even when electricity is not used,” he said.**For the current season, ginners were expecting 60 lakh quintal raw cotton after Punjab saw an increase of 25% area under cotton. As per Punjab Mandi Board data, different districts of south Malwa had recorded sales of 8.60 lakh quintals till November 27.**Board authorities opine the production this year may be around 25 lakh quintals while the industry say cotton arrival may touch the 30-35 lakh quintal mark.**Punjab Cotton Mills and Ginning Association president Suresh Bansal said owing to the negligent attitude of the state government, 76% of factories closed down since 2005. He blames the absence of a dedicated policy for agriculture and the industrial sector in Punjab.**“Punjab had 335 ginning factories 16 years ago that came down to 82 in 2021. In 2005, factories were ginning 18 lakh bales or 90 lakh quintals in a season and in 2020-21 kharif season, Punjab produced 49 lakh quintals,” he said.**“After irrigation system strengthened in over last decade, farmers of the semi-arid region of Malwa switched from the traditional cotton to less labour-intensive crop of non-basmati rice. Kotkapura town used to be a major purchase centre where 20-lakh quintal cotton was a regular feature 10-12 years ago. In 2020-21, the entire Faridkot district registered the arrival of mere 50,000 quintals. It shows the government has failed to set its priorities right,” said Bansal.* *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*

*All India Weather Forecast for November 29, 2021**Countrywide weather systems*A Cyclonic Circulation lies over the Comorin region and adjoining Sri Lanka coast.A low pressure area is very likely to form over South Andaman Sea by tomorrow, November 29. It will turn into a deep low pressure and then move in a west-northwest direction during the next 48 hours.A Cyclonic Circulation is persisting over South Bangladesh.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain with isolated heavy falls occurred over South Coast of Andhra Pradesh and Coastal Tamil Nadu.Light to moderate rain occurred over Lakshadweep, Andaman and Nicobar Islands, Rayalaseema, Interior Tamil Nadu and Kerala.Light rain occurred at one or two places over South Interior Karnataka and remaining parts of Kerala and Coastal Odisha.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain with heavy rain is likely over some parts of Coastal Andhra Pradesh, Coastal Tamil Nadu and Lakshadweep.Light to moderate rain is very likely at isolated places over Kerala, Interior Tamil Nadu, South Interior Karnataka and Coastal Karnataka and Andaman and Nicobar Islands.Light rain is possible at isolated parts of South Madhya Maharashtra, Konkan & Goa and South Telangana.Air pollution in Delhi and its adjoining areas will continue to be in a dangerous condition.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

*Concern over new Covid variant hits cotton prices in Ahmedabad**After having remained firm for quite some time, cotton prices have eased on concerns of new variant of coronavirus, Omicron.**The prices of cotton in local markets dropped by Rs 1,000-1,200 per candy (356kg) over the last two days as the new variant, currently circulating in South Africa, spooked the global cotton market, said traders. The prices of benchmark cotton variety, Shankar-6, have come down to Rs 65,300-65,800 per candy from their high levels of Rs 66,500-66,800 over past two days. “New variant of coronavirus has spooked the market, which has pulled down cotton prices in local markets,” said Arun Dalal, a city-based cotton broker.**“Following price dip in international market, domestic futures prices also dipped. Consequently, spot prices too eased,” said a cotton trader from Rajkot.**According to traders, arrivals of new crop to local mandis is currently slow and domestic mills are making limited purchases given the high price of the natural fibre. About 35,000 to 40,000 bales (one bale weighs 170kg) are arriving daily in local mandis . This should have been higher at 55,000 to 60,000 bales, added traders. “Presently, arrivals are slow as farmers are busy with marriage season and there is also a shortage of labourers to pluck cotton.The arrivals are expected to pickup after December 10,” said a city cotton trader.**-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

New York Declares State of Emergency Amid Variant ThreatNew York Governor Kathy Hochul declared a state of emergency on Friday due to a rise in Covid-19 cases in the state and the threat of the omicron variant.She said the variant hasn’t yet been detected in the state but that she decided to sign an executive order to allow the health department to limit non-essential, non-urgent procedures at hospitals and acquire critical supplies more quickly. The order takes effect Dec. 3 and will be re-assessed based on the latest data on Jan. 15.