Sensex down 240 pts, Nifty ends below 23500 Among sectoral indices, the Nifty IT index led the losses, falling more than 2 percent. Energy and Healthcare were other major losers, falling nearly 1 percent. Nifty Metals index was the top gainer, but pared gains to 2 percent. Nifty Auto, Nifty FMCG, and Nifty Bank posted modest gains of 0.3-0.7 percent each.This evening, the rupee closed at 84.39 against the dollar without any change.Readmore:- Telangana Farmers Protest Over Cotton Purchases Falling Below MSP
Early trading saw the rupee rise 8 paise to 84.38 against the US dollarBSE's Sensex fell 156.72 points to 77,423.59 in early trade. NSE's Nifty fell 64.25 points to 23,468.45.Read More :- Telangana Farmers Protest Over Cotton Purchases Falling Below MSP
Farmers in Telangana Demonstrate When Cotton Purchases Drop Below MSPCotton farmers in Telangana are expressing concern as traders in the Khammam agricultural market yard are reportedly buying their harvest at prices below the Minimum Support Price (MSP) set by the central government. Farmers have voiced their displeasure, alleging that the Cotton Corporation of India (CCI) is offering lower-than-expected purchasing rates.K. Nageswara Rao, a farmer from Julurpad village, said, “The highest price we received was ₹6,850 per quintal, and only a few farmers managed to get this rate.” The government has set the MSP at ₹7,521 per quintal.N. Ganesh from Pallipadu lamented, “We expected the government to announce a price between ₹8,000 and ₹11,000 per quintal. Instead, traders are purchasing cotton at ₹6,400 per quintal, which is below the MSP, causing significant losses for us.”Farmers further accused traders of manually determining the moisture content of the crop instead of using machines, alleging that a syndicate has been formed to manipulate prices.Although District Collector Muzamil Khan visited the market yard and warned traders against buying below MSP, farmers claim that there has been no change in their approach.K. Praveen Kumar Reddy, Secretary of the Khammam cotton market yard, stated, “We have issued notices to the traders regarding this issue and are awaiting their response. The matter will be escalated to the Collector once replies are received.”Approximately 45,000 bags of cotton are arriving daily at the yard from across the erstwhile Khammam district.Read More :- CCI Begins Cotton Procurement at Minimum Support Price in Five States
This evening, the rupee ended the day 2 paise down versus the US dollar at 84.40The BSE benchmark Sensex closed 110.64 points or 0.14 per cent lower at 77580.31. The Nifty 50 index closed 26.35 points or 0.11 per cent lower at 23,532.70.Read More :- CCI Begins Cotton Procurement at Minimum Support Price in Five States
CCI Starts Purchasing Cotton in Five States at the Minimum Support PriceThe Cotton Corporation of India (CCI) has initiated the purchase of cotton at the Minimum Support Price (MSP) across five states due to lower market prices.Lalit Kumar Gupta, Chairman and Managing Director of CCI, informed procurement of 2.25 lakh bales of cotton so far. He added that a clearer picture of the price trend and regions where prices might fall below the MSP is expected in two weeks.Nishant Asher, Secretary of the Indian Cotton Federation, noted that daily cotton arrivals have increased to 1.3-1.4 lakh bales. “Currently, Indian cotton is about 5% more expensive than international prices. The demand and export of yarn remain sluggish, which is keeping cotton prices under pressure,” he explained.The Federation reported that the price of the Shankar-6 variety stood at ₹54,500 per quintal of ginned cotton on Wednesday.Read More :> Cotton Procurement Halted in Erstwhile Karimnagar Over New CCI Guidelines
At 84.40 against the US dollar, the rupee reaches a record low.Mumbai, Nov 14 (PTI) The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Thursday, weighed down by unabated foreign fund outflows and strong dollar demand from investors.Read More :> Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi
This evening, the rupee gained 1 paisa against the US dollar, closing at 84.38At the close of trading, the BSE Sensex fell 984.23 points or 1.25 per cent to close at 77,690.95. The NSE's 50-share index, the Nifty, fell 324.40 points or 1.36 per cent to close at 23,559.05.Read More :- Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi
The rupee drops to a new low of 84.41 versus the US dollar.The BSE Sensex fell 94.40 points to 78,580.78, while the NSE Nifty declined by 55.25 points to 23,828.20Indian markets opened weak as global cues and a cyclical earnings slowdown dampen investor sentiment. The BSE Sensex fell 94.40 points to 78,580.78, while the NSE Nifty declined by 55.25 points to 23,828.20. Analysts highlight mounting pressure in mid-cap and small-cap stocks, with Jefferies India lowering earnings forecasts for 63% of the large-cap companies it covers—the highest downgrade ratio since the pandemic in 2020. Read More :> Cotton Procurement Halted in Erstwhile Karimnagar Over New CCI Guidelines
The rupee finished at 84.39 against the dollar this evening, unchangedThe BSE Sensex closed at 78,675.18 points, down 820.97 points or 1.03%. The Nifty 50 index also fell 257.85 points or 1.07 points to 23,883.45 points. Due to this decline, the market cap of companies listed on the BSE fell by Rs 3.3 lakh crore to Rs 439.27 lakh crore.Read More :- Cotton Procurement Halted in Erstwhile Karimnagar Over New CCI Guidelines
The rupee finished at Rs 84.39 versus the dollar this evening, down 1 paisaThe stock market closed flat on Monday after a volatile trading session. On the first trading day of the week, the Sensex closed with a marginal gain of 9.83 points at 79,496.15, while the Nifty fell 6.90 points to close at 24,141.30.Read More :- Cotton Procurement Halted in Erstwhile Karimnagar Over New CCI Guidelines
Due to new CCI guidelines, cotton procurement in the former Karimnagar was halted.The cotton procurement process has come to a complete halt in the erstwhile Karimnagar district as all 11 ginning mills in the region have suspended operations in protest against the recently introduced guidelines by the Cotton Corporation of India (CCI).The new CCI guidelines mandate a sequential allocation of mills using a serial numbering system (L-1, L-2, L-3, etc.), with procurement starting at the first mill and progressing according to the assigned order. Mill owners argue that this policy could disadvantage those assigned lower numbers, leaving them without sufficient cotton for purchase once higher-priority mills have completed their intake.Since Monday morning, the suspension of procurement has affected all 11 ginning mills in the district. However, officials remain optimistic that the issue will be resolved soon, as discussions between CCI representatives and mill owners are currently underway.
Rupee falls 1 paisa to all-time low of 84.38 against dollar in early tradeThe rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities.Read More :> Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi
The rupee finished at Rs 84.38 versus the dollar this evening, down 1 paisaToday, on November 8, the Sensex closed 55 points lower at 79,486, while the Nifty ended 51 points lower at 24,148. Out of 30 Sensex stocks, 16 declined and 14 rose. Similarly, out of 50 Nifty stocks, 27 declined.Read More :- Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi
Cotton Corporation of India Starts Procurement at Bhikangaon Mandi, Raising Cotton Prices to ₹7,500Bhikangaon Mandi witnessed a surge in cotton prices on Thursday, reaching a high of ₹7,500 per quintal, much to the delight of local farmers. The increase follows the commencement of cotton procurement by the Cotton Corporation of India (CCI) at the minimum support price (MSP).On its first day, CCI’s purchases were limited, with only two farmers managing to sell their produce. JP Singh, a CCI official, emphasized the need for farmers to register their cotton at the mandi to be eligible for MSP procurement.The registration process has been simplified, requiring only an Aadhaar card, a bank account, and a mobile number linked to Aadhaar. The mandi was bustling with activity as more cotton deliveries poured in. According to Mandi Secretary Rachna Tikkekar, 185 bullock carts and 155 vehicles arrived with fresh cotton loads.The price range for the day showed a maximum of ₹7,500 per quintal, a minimum of ₹5,558, and an average (model) price of ₹6,781. Local farmers like Jitendra Sejgaya and Rajendra Rathore expressed optimism, hoping that CCI’s involvement would bring price stability and better returns for their crops.CCI is currently procuring cotton with moisture content between 8% and 12%, offering rates from ₹7,421 to ₹7,124 per quintal, according to JP Singh. Mandi Secretary Tikkekar assured farmers that daily arrivals will be registered promptly, ensuring a smooth selling process.Read More :> Cotton Yarn Prices Drop by Rs 10/kg, Boosting Confidence in Rs 40,000 Crore Export Target
Early trading saw the rupee drop 5 paise to its lowest point ever, 84.37 against the US dollar.The rupee recovered from its all-time low level and witnessed a range-bound trade against the US dollar in early hours on Thursday, as investors remained cautious ahead of the US Fed meeting outcome later this week.READ MORE :>High Moisture Content Sparks Concerns for Cotton Farmers in Indian States
The rupee ended the day 9 paise worse against the dollar, closing at Rs 84.37After two days of strength in the stock market, selling was seen once again on Thursday. During this period, the Sensex fell 836.34 points to close at 79,541.79. On the other hand, the Nifty fell 284.70 points to reach 24,199.35.Read More :- Cotton Yarn Prices Drop by Rs 10/kg, Boosting Confidence in Rs 40,000 Crore Export Target
In early trading, the rupee climbs 5 paise to 84.26 against the US dollar.Sensex drops 800 pts to 79,600; Nifty down at 24,250; Metal, Bank drag At around 10 AM, the BSE Sensex was 844 points, or 1.05 per cent lower, at 79,533, and the Nifty 50 was at 24,221, down 262 points, or 1.07 per cent.Read More :> Demand for ban on cotton import, farmers fear loss due to decrease in production
The rupee ended the day 18 paise down against the dollar, closing at 84.28The BSE Sensex rose 901.50 points or 1.13 percent to close at 80,378.1 points. The NSE Nifty also rose 270.75 points or 1.12 percent to close at 24,484.05 points.Read More :- Demand for ban on cotton import, farmers fear loss due to decrease in production
Early trading sees the rupee drop 14 paise to its lowest point ever, 84.23 against the US dollar.Sensex reclaims 80,000, Nifty 50 above 24,400 led by IT, banks, auto stocksSensex today extended rally with gains of over 600 points and reclaimed the 80,000-mark, amid positive global market cues. Nifty 50 also traded above 24,400 level led by gains across the board. Midcap and Smallcap indices rallied over 1% each.Read More :>Cotton Yarn Prices Drop by Rs 10/kg, Boosting Confidence in Rs 40,000 Crore Export Target
The rupee strengthened by 1 paisa to close at 84.10 against the dollar this evening.The 30-share BSE benchmark Sensex closed 694 points, or 0.88%, higher at 79,476. The broader NSE Nifty rose 218 points, or 0.91%, to close at 24,213. During the day, both the Nifty and Sensex fell up to 0.6%.Read more:- Demand for ban on cotton import, farmers fear loss due to decrease in production
| title | Created At | Action |
|---|---|---|
| Sensex declines, Nifty closes under | 19-11-2024 00:05:30 | view |
| Rupee rose 8 paise to 84.38 against the US dollar in early trade | 18-11-2024 17:35:43 | view |
| Telangana Farmers Protest Over Cotton Purchases Falling Below MSP | 16-11-2024 18:28:31 | view |
| The rupee closed 2 paise lower at 84.40 against the US dollar this evening | 14-11-2024 23:09:13 | view |
| CCI Begins Cotton Procurement at Minimum Support Price in Five States | 14-11-2024 19:06:05 | view |
| Rupee Hits Record Low of 84.40 Against US Dollar | 14-11-2024 17:22:30 | view |
| The rupee strengthened by 1 paisa to close at 84.38 against the US dollar this evening | 13-11-2024 23:24:57 | view |
| Rupee falls to fresh low of 84.41 against US dollar | 13-11-2024 17:20:22 | view |
| This evening, the rupee closed unchanged at 84.39 against the dollar | 12-11-2024 23:14:32 | view |
| This evening, the rupee closed 1 paisa lower at Rs 84.39 against the dollar | 11-11-2024 23:18:58 | view |
| Cotton Procurement Halted in Erstwhile Karimnagar Over New CCI Guidelines | 11-11-2024 20:59:58 | view |
| Rupee falls 1 paisa to all-time low of 84.38 against dollar in early trade | 11-11-2024 17:23:03 | view |
| This evening, the rupee closed 1 paisa lower at Rs 84.38 against the dollar | 08-11-2024 23:23:12 | view |
| Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi | 08-11-2024 18:05:13 | view |
| Rupee falls 5 paise to all-time low of 84.37 against US dollar in early trade | 08-11-2024 17:25:33 | view |
| This evening, the rupee closed 9 paise lower at Rs 84.37 against the dollar | 07-11-2024 23:21:11 | view |
| Rupee rises 5 paise to 84.26 against US dollar in early trade | 07-11-2024 17:19:32 | view |
| This evening, the rupee closed 18 paise lower at 84.28 against the dollar | 06-11-2024 23:21:48 | view |
| Rupee falls 14 paise to all-time low of 84.23 against US dollar in early trade | 06-11-2024 17:24:27 | view |
| The rupee appreciated 1 paisa vs the dollar this evening, closing at Rs 84.10. | 05-11-2024 23:28:48 | view |
