Effect of Russia-Ukraine dispute, Sensex 759 points further brokenThe stock market opened with a fall today due to Russia and Ukraine dispute. Today the BSE Sensex fell by 758.92 points and opened at the level of 54343.76 points. On the other hand, the Nifty of NSE opened at a level of 16283.70 with a fall of 214.30 points.
Today evening, the rupee closed at Rs 75.91 with a weakness of 21 paise against the dollar.Today the stock market closed with a fall.Today, where the Sensex fell by about 366.22 points, closed at the level of 55102.68 points. On the other hand, Nifty closed at the level of 16498.00 points down by 108.00 points.
All India Weather Forecast for March 03, 2022Weather systems made across the countryThe low pressure area over southeast Bay of Bengal and adjoining equatorial Indian Ocean now lies over central parts of south Bay of Bengal. The associated cyclonic circulation extends up to 5.8 km above mean sea level. It is very likely to be well marked and move gradually towards Sri Lanka in a west northwest direction.A Western Disturbance is persisting over Jammu and Kashmir and adjoining areas.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain and snowfall occurred over Gilgit-Baltistan, Muzaffarabad, Ladakh and Jammu and Kashmir.Light to moderate rain occurred over Andaman and Nicobar Islands.Light rain occurred over Southeast Madhya Pradesh, parts of Jharkhand and Interior Odisha.Moderate to strong winds continued over South Andaman Sea, South-West Bay of Bengal and South Coast of Tamil Nadu.Threat weather activity during 24 hoursDuring the next 48 hours, light to moderate rain and snow may occur at parts of Gilgit-Baltistan, Muzaffarabad, Ladakh, Jammu and Kashmir and Himachal Pradesh. Light rain and light snowfall may occur over high mountains in Uttarakhand.Light rain and thundershowers are very likely over parts of Punjab, Haryana, Delhi and West and Northwest Rajasthan.Scattered rain may occur over Sikkim, Assam and Arunachal Pradesh.Light to moderate rain may continue over Andaman and Nicobar Islands.On March 3, rain activities are expected to start over the coastal areas of Tamil Nadu. And on 4th and 5th March, it is likely to be moderate to heavy over many parts of Tamil Nadu, South Andhra Pradesh and Rayalaseema.Rain is possible in Kerala, South Karnataka and Rayalaseema from March 4 to 6.Moderate to strong winds are very likely to prevail over southwest Bay of Bengal, south Andhra coast Tamil Nadu court and south Kerala coast between March 3 and 5.
Rupee breaks 5 paise against dollarRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 5 paise at Rs 75.75 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 75.70 with a loss of 36 paise against the dollar.
Sensex rises, opens up 527 pointsToday the stock market opened with great momentum. Today, the BSE Sensex opened with a gain of 526.51 points at the level of 55995.41 points. On the other hand, the Nifty of NSE opened with a gain of 161.50 points at the level of 16767.50 points.
Rupee down by 36 paise to close at Rs 75.70 against dollar today evening.Sensex breaks 778 points more due to Russia-Ukraine disputeSeeing no solution to the Russia Ukraine dispute, today the stock market closed again with a fall. Today, where the Sensex closed at 55468.90, down 778.38 points. On the other hand, Nifty closed at 16606.00 with a fall of 187.90 points.
Rupee opens 43 paise weaker against dollarRupee opened with weakness today against the dollar in the foreign exchange market. The main reason for this is believed to be the dispute between Russia and Ukraine. Today the rupee opened with a loss of 43 paise at Rs 75.77 against the dollar. At the same time, on Monday, the rupee closed at Rs 75.34 with a weakness of 5 paise against the dollar.
Sensex boom as soon as it opened, registered a decline of 738 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by 737.96 points and opened at the level of 55509.32 points. On the other hand, the Nifty of NSE opened with a decline of 196.20 points at the level of 16597.70 points.
All India Weather Forecast for March 02, 2022Weather systems made across the country An area of low pressure has formed over southeast Bay of Bengal and south Andaman Sea. The associated cyclonic circulation extends up to 5.8 km above mean sea level. It may further intensify into a deep low pressure and move west-northwestwards towards Sri Lanka and South Tamil Nadu coast.A Western Disturbance is over North Pakistan, it will start affecting Western Himalayas from tomorrow, March 2.Weather movement across the country during the last 24 hoursDuring the last 24 hours, isolated light rain and snowfall occurred over Jammu and Kashmir, Gilgit-Baltistan, Muzaffarabad and upstate Arunachal Pradesh.Light to moderate rain occurred over the southern parts of Andaman and Nicobar Islands with heavy to very few places.Light to moderate rain occurred in Chhattisgarh. Scattered light rain occurred over East Madhya Pradesh, Assam, Meghalaya and Nagaland.Threat weather activity during 24 hoursDuring the next 48 hours, light to moderate rain with isolated heavy falls may occur over southern parts of Andaman and Nicobar Islands.Light rain and snowfall are possible over Western Himalayas during next 2 to 3 days.Light rain and thundershowers may occur over parts of Northwest and West Rajasthan, Punjab, Haryana and Delhi on March 2. On March 3, scattered rain is possible over Punjab, Haryana and Northwest Uttar Pradesh.Light to moderate rain is likely to start over southern and coastal parts of Tamil Nadu on March 3. The intensity is likely to increase on March 4 and cover many parts of Tamil Nadu, Kerala, South Interior Karnataka and South Andhra Pradesh.Conditions are likely to worsen over South Andaman Sea on 1st and 2nd March and off Sri Lanka, Tamil Nadu and Andhra Pradesh coasts between 2nd and 4th March.
All India Weather Forecast for March 01, 2022Weather systems made across the countryA Western Disturbance is over North Pakistan and adjoining Jammu and Kashmir.Another Western Disturbance will approach the Western Himalayas on March 2.A Cyclonic Circulation is persisting over South Andaman Sea and adjoining Equatorial Indian Ocean. Under its influence, a low pressure area is likely to form over the same place in 24 hours.Weather movement across the country during the last 24 hoursDuring the last 24 hours, moderate to heavy rains occurred over southern parts of Andaman and Nicobar Islands with very heavy rain at a few places.Light to moderate rain accompanied by heavy rain occurred at one or two places in Kerala.Light to moderate rain occurred over Gangetic West Bengal.Parts of Assam, Arunachal Pradesh and Sikkim received scattered light rain.Light rain occurred at one or two places in Bihar, Jharkhand, East Madhya Pradesh and Chhattisgarh.Threat weather activity during 24 hoursDuring the next 48 hours, moderate to heavy rains are very likely over Andaman and Nicobar Islands. There will be high waves in the sea over South Andaman Sea and adjoining South-West Bay of Bengal. Wind speed can also increase significantly and maybe 60 to 70 kmph.Light rain and snow may occur over parts of Sikkim and up to Arunachal Pradesh.Light rain is possible over parts of Punjab, Haryana, Delhi and North Rajasthan on March 2.Moderate to heavy rains may occur over southern parts of Tamil Nadu as well as coastal districts on March 3 and 4.
Today evening, the rupee depreciated by 5 paise to close at Rs 75.34 against the dollar.Sensex rises, closes up by 389 pointsToday, where the Sensex gained about 388.76 points, closed at the level of 56247.28 points. On the other hand, Nifty closed at 16787.70 with a gain of 129.30 points. Apart from this, a total of 3,592 companies were trading on the BSE today, out of which about 2,125 shares closed up and 1,314 shares closed down.
Rupee collapses against dollar, opens weak by 40 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 40 paise at Rs 74.59 against the dollar. At the same time, the rupee on Friday closed at Rs 75.29 with a gain of 36 paise against the dollar.
Sensex collapses as soon as it opens, 715 points also fallToday the stock market opened with a fall. Today the BSE Sensex fell by 714.89 points and opened at the level of 55143.63 points. On the other hand, the Nifty of NSE opened with a decline of 201.10 points at the level of 16457.30 points.
All India Weather Forecast for February 28, 2022Weather systems made across the countryFresh Western Disturbance is likely to affect Western Himalayas from February 28.A Cyclonic Circulation is persisting over Bihar and adjoining areas.Another Cyclonic Circulation is persisting over South Andaman Sea and adjoining areas.A low pressure area is very likely to form over the same area in the next 24 hours.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain and snow occurred over Himachal Pradesh and Uttarakhand. Light rain and snow occurred in Jammu and Kashmir and Ladakh.Light to moderate rain over parts of Punjab and Haryana, Delhi, West Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh, East Uttar Pradesh, interior parts of Odisha and isolated parts of South Tamil Nadu and southern parts of Andaman and Nicobar Islands And there was rain with thunder. ,Scattered light rain occurred over Lakshadweep and eastern parts of Assam.Punjab, Haryana, Delhi, Rajasthan and western parts of Madhya Pradesh recorded a drop of 2-3 degrees in the minimum temperature.Probable weather activity during next 24 hoursDuring the next 24 hours, isolated light to moderate rain with isolated light snowfall is likely over Arunachal Pradesh and Sikkim.Light rain is possible over North Chhattisgarh, Bihar, Jharkhand, West Bengal and parts of Andaman and Nicobar Islands.Light rain and snow activities are possible over Western Himalayas during next 3 days.Light rain is possible over parts of Punjab, Haryana, Delhi and North Rajasthan on March 2.
Today evening, the rupee strengthened by 36 paise to close at Rs 75.29 against the dollar.Today the stock market closed sharply.Today, where the Sensex closed at the level of 55858.52 points with a gain of 1328.61 points. On the other hand, Nifty closed at 16658.40 with a gain of 410.40 points .
Rupee opens 35 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a gain of 35 paise at Rs 75.30 against the dollar. At the same time, on Thursday, the rupee closed at Rs 75.65 with a weakness of Rs 1.10 against the dollar.
Uber Sensex opens up 947 points due to Russia-Ukraine disputeThe stock market opened sharply today, just the day after the Russia and Ukraine dispute. On the other hand, yesterday the Indian stock market closed with a record fall. Today the BSE Sensex opened with a gain of 947.34 points at the level of 55477.25 points.
All India weather forecast for February 25, 2022Weather systems made across the countryThe Western Disturbance is over Jammu and Kashmir and adjoining parts of Ladakh.The Cyclonic Circulation lies over South-East Rajasthan.A trough is extending from a cyclonic circulation over East Rajasthan to Bihar across Madhya Pradesh and Southeast Uttar Pradesh.Another cyclonic circulation is over East Bangladesh.A Cyclonic Circulation is persisting over Comorin region and adjoining parts.A fresh Western Disturbance will approach the Western Himalayas by the evening of February 25.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain and snowfall occurred over parts of Jammu and Kashmir, Gilgit-Baltistan, Muzaffarabad, Ladakh and Himachal Pradesh and heavy snowfall at one or two places.Light rain and snowfall occurred in Uttarakhand.Light rain occurred in some parts of South Tamil Nadu and Kerala. And light rain was observed at one or two places over Gangetic West Bengal and Andaman and Nicobar Islands.In Punjab, Haryana, Delhi, parts of Rajasthan and Gujarat, the minimum temperature has dropped by 2 to 3 degrees.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain and snowfall with one or two heavy spells is likely to continue over Western Himalayas today on February 24 and rain and snow at few places on February 25 and 26.Light rain is very likely over northern parts of Punjab, North Haryana, Northwest Uttar Pradesh and North Chhattisgarh, Bihar, Jharkhand and West Bengal.Moderate rain is possible at one or two places over Sikkim, parts of Assam, Arunachal Pradesh and Nagaland.Light rain is possible at one or two places over South Tamil Nadu, Kerala and southern parts of Andaman and Nicobar Islands.
Today evening, the rupee closed at Rs 75.65 with a weakness of Rs 1.10 against the dollar.Sensex devastated in Russia-Ukraine war, loses 2702 points Due to the Russo-Ukraine war, there was devastation in the Indian stock market today. Today the stock market has closed with a huge fall. Today, where the Sensex closed at a level of 54529.91 points, down by about 2702.15 points. On the other hand, Nifty closed at the level of 16248.00 points down by 815.30 points.
Relentless rise in cotton prices a hurdle to textile exports revivalIf India’s exports of textiles and garments recovered quickly this fiscal from the lows of the pandemic-hit FY22, lucrative orders may elude them in FY23 due to an inexorable rise in the prices of cotton, a key raw material, and its yawning shortage in the domestic market. While shipments continue to be strong due to orders won earlier, the spectre of a slump in exports is staring at textile and garment firms as new orders are hard to come by. This is at a time when the global markets are vibrant and poised to remain so in the near term, thanks to industrial resurgence in key markets like the US and European Union.Conventionally, during the January-February period, mandi arrivals of cotton peak and remain in the range of Rs 2.5-3 lakh bales (one bale is 170 kg), but this year has been quite an exception. According to trade sources, cotton arrivals in markets across key producing states – Telangana, Andhra Pradesh, Karnataka, Gujarat, Maharashtra, Madhya Pradesh, Haryana, Punjab and Rajasthan – have seldom crossed Rs 1.5 lakh bales in last the two months. And prices are skyrocketing – in many key markets these are ruling at three times the minimum support price – given the estimate an year-on-year decline in the production of the key natural fibre. There are also unconfirmed reports of farmers resorting to hoarding stocks, in anticipation of a further rise in prices.In fact, an up to 80% spurt in cotton prices in the past one year has pressured margins of textile and garment firms. Most firms are struggling to pass on the rise in raw material costs to consumers. Yet, India’s exports of textiles, garments and allied products jumped 52% until December this fiscal from a year before to $31 billion, albeit on a sharply-contracted base.This has forced the manufacturers across the textile value chain – from spinning mils and weaving units to garment makers –to seek the abolition of an import duty on cotton (effectively to the tune of 11%, including cesses) and the creation of a strategic reserve of about 10-15% of market supplies by the government to help stabilise prices.RS Jalan, managing director at GHCL Ltd, told FE that while high cotton prices will help farmers and somewhat boost rural disposable income, from the textile industry’s perspective, they have created a challenge for the entire value chain as “it is difficult to pass on the cost to the consumer”. “Also, the duty imposed on imported cotton is making India non-competitive in the global markets, which will surely be counter-intuitive in the long run,” Jalan said.Narendra Goenka, managing director of Texport Industries and chairman of the state-backed Apparel Export Promotion Council (AEPC), apprehended that it would be difficult to maintain a high export growth rate in the next fiscal. “Overseas buyers have started scouting for alternate destinations to broaden their supply base for fear that elevated input costs in India would push up prices of garments,” he said. Apparel companies, in such a scenario, may be forced to absorb much of the rise in costs themselves, he added.Raja M Shanmugham, managing director of Warshaw International and president of the Tirupur Exporters’ Association, said the relentless rise in cotton prices over the past 15 months has made it difficult for companies to honour orders, typically booked 3-6 months before, without taking a massive hit on their balance sheets. “We are also finding it difficult to change the price tags of products so frequently. Our cash flow has been hit very badly. Moreover, the garment industry is dominated by MSMEs, whose capacity to absorb inputs cost pressure is even more limited. So, we are requesting finance minister Nirmala Sitharaman to raise the individual loan limit under the Rs 4.5-lakh-crore guaranteed loan scheme by up to 20% to help the MSMEs cope with their liquidity issue,” Shanmugham said.According to second advance estimates of cotton production by the ministry of agriculture, the country’s cotton output is estimated to decline by more than 3% to 34 million bales in the 2021-22 crop year from 35 million bales in the previous year.Anand Poppat, a cotton trader based out of Rajkot says that the while market arrivals are low, there is an increasing trend of traders directly picking up raw cotton from farmers as they save on mandi taxes, transport and labour charges.India’s cotton prices are also impacted by global supply situations. International cotton prices have risen to 120 cents per pound in the 2021-22 cotton season (October-September) as against 85 cents per pound in the previous season since the crop size in USA and other markets has reduced.Pradeep Kumar Agrawal, chairman and managing director of Cotton Corporation of India (CCI), the agency which procured 95 lakh bales in 2019-20 and 105 lakh bales in 2020-21 at MSP, says that the agency has not had to intervene in the market this year as prices remained above the MSP levels.Seeking the intervention of Prime Minister Narendra Modi to come to the rescue of the labour-intensive industry, T Rajkumar, director of Sakthi Group and chairman of the Confederation of Indian Textile Industry, has asserted that the removal of the import duty on cotton won’t hurt farmers. This is because the industry has been predominantly importing speciality cotton, including extra-long staple cotton, to meet the needs of certain niche segments of buyers on a long-term basis, he added.Spot prices of cotton were in the range of Rs 15,000–Rs 15,400 a quintal as against the minimum support prices of Rs 5,726/quintal (medium variety) and Rs 6,025/quintal (long staple). The price of ICS-105 variety of cotton in largest producing state of Gujarat were ruling at Rs 77,000 per candy of 356 kg each, up as much as 70% from a year earlier, according to the Cotton Association of India data. In case of some other varieties, the rise is about 80% over the past year.Cotton ginners are also bearing the brunt of rise in prices of the fibre. “It has become difficult for ginning units to run business, says Pradeep Jain, president, Khandesh Gin/Press Factory Owners Association. Maharashtra has around 800-1000 ginning units that are currently running at 50-60% capacity and many of these may have to shut down soon, BS Rajpal, president, Maharashtra Cotton Ginners Association said.