Rupee strengthened by 9 paise to close at Rs 77.98 against dollar today evening.Sensex rises, closes up by 237 points.Today the stock market closed sharply.Today, where the Sensex closed at the level of 51597.84 points with a gain of 237.42 points.On the other hand, the Nifty closed at the level of 15350.20 with a fall of 56.70 points.
Effect of increase in raw material prices, 10 percent reduction in India's apparel exportsThe rise in cotton and yarn prices in the current financial year has had an impact on textile and apparel exports from India. Textile and apparel exports have come down by 10 per cent over the previous year due to rising raw material prices. It is to be known that in the year 2021-22, there was a growth of 41 percent in the textile and apparel export trade from India.Looking at the recent report by Wazir Textiles, last year where all the top companies like Welspun, Vardhman, Arvind, Tident, KPR Mills, Indo Count, RSWM, Filatex, Nahar SPG and Indorama saw growth in sales. Whereas in the first two months of the current financial year, there has been a decline in sales.A major reason for the increase in exports in the year 2021-22 is the lack of demand in the US and Europe, the adoption of China plus one policy adopted by various countries. Last year, the pandemic did not even affect factories and unlisted companies also performed well. AEPC Chairman Narendra Goenka said that raw material prices are very high this year. This is the reason why there has been a steady decline in demand.Looking at the last year sales of major textile companies, Welspun saw a growth of 13 percent, Arvind 65 percent, Vardhman 60 percent and Trident 54 percent in the year 2021-22 as compared to the year 2020-21. The largest contributor to this increase was given by the United States. Which contributed to 27 percent of India's textile and apparel exports. This was followed by the European Union contributing 18 percent, Bangladesh 12 percent and the UAE 6 percent.With the rise in raw material prices this year, the possibility of a crisis in the near future is clear. According to experts, only those who have stock of cotton or yarn in old rates will be able to earn profit in the present time. The AEPCS has blamed the Ukraine crisis for this decline in export demand. According to him, demand in the US and Europe has slowed this year due to the Ukraine crisis as energy prices have risen.
Good news for cottonseed oil mills, license will be available easilyThe Haryana government has made a relief announcement for the mills making oil from cotton seeds. From now on, cottonseed oil operators will be able to get crushing license by paying one time tax. Traders can get a license by paying a tax of Rs 42 thousand per unit spiller. Haryana Chief Minister recently gave this information in a business meeting. He said that at present, it is mandatory for the cotton unit to be brought from outside for crushing to fill the L-1 form. Which will not have to be filled after this decision. The trader running the crushing unit is very excited by this news.Cottonseed oil being sold more expensive than palm and mustard Right now this decision has been taken for 3 years. After that it will be reviewed again. Presently Haryana has 453 Crushing Units and 1520 Spiller Units. After this announcement, the Haryana government will get a revenue of Rs 42 thousand per spiller as processing fee. At present, Gujarat has the highest production and consumption of cottonseed oil in the country. Apart from this, it is also available in good quantity in Haryana, Punjab and MP. At present, cottonseed oil prices are higher than palm and mustard oil due to higher cotton prices. At present 10 kg cottonseed oil is being sold for Rs 1580 to Rs 1600.it will benefitBusiness will increase in the state.There will be an increase in the revenue of the government.Getting a license would be easy.
Confusing statistics of cotton sowingMinistry of Agriculture and Farms Welfare released All India Cotton Sowing ReportThere are confusions in the world of cotton that it is not taking the name of ending. Industry people were already worried about the rising prices of cotton. After that, the association increased the confusion many times by continuously altering the figures of Cotton Aravil. Now, just as the situation was beginning to become clear, the recently released Cotton Sowing Report of the Ministry of Agriculture and Farms Welfare has again brought a twist in the story. Yes, according to this report, so far this season cotton sleeping is 5.96 percent less than last year. Whereas in almost all cotton sleeping states, the sleeping area is being said to increase this year. So once again the situation is in contradiction.In fact, according to this report, till June 17, 2022, the total cotton seeding in India has been 19.57 lakh hectares. Whereas till the same time last year, cotton was sown in 20.265 lakh hectares. Sowing less of 1.208 lakh hectares has been recorded in a year. If we look at this report by Zone Vice, then the scenario of South Zone is positive. So far, sleeping has been done in 2.098 lakh hectare, which is 152.16 percent more than last year. In the South Zone, there has been a tremendous increase in the sleeping area in Andhra Pradesh, Telangana and Karnataka. But the overall India report is negative.There is a decrease in the sleeping area in both the North Zone and Central Zone as compared to last year. In the North Zone, this year the total sleeping has been done in 13.458 lakh hectares, whereas last year the figure of sleeping here was 13.942. In the Central Zone too, the sleeping area has decreased by 37.51 so far this year. The reduction in sleeping figures is astonishing, as everyone was expecting the sleeping area to increase. According to experts, the increase in sleeping area is certain, at present, the figures of decrease are because most of the states have not received rain, due to which farmers have not even done sleeping.
Rupee closed at 78.07 against dollar today evening without any movement.Sensex fell further, closed after breaking 135 points.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 51360.42 points, down 135.37 points.On the other hand, Nifty closed at 15293.50 points down by 67.10 points.
Rupee opens 2 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 2 paise at Rs 78.05 against the dollar. At the same time, on Thursday, the rupee closed at a level of Rs 78.07 against the dollar without any movement.The fall in the Sensex increased further, falling 328 points to openToday the stock market opened with a fall. Today the BSE Sensex fell by about 327.70 points and opened at the level of 51168.09 points. On the other hand, the Nifty of NSE opened with a decline of 96.80 points at the level of 15263.80 points.
All India Weather Forecast for June 17, 2022Weather systems made across the countryThe Cyclonic Circulation lies over South-West Rajasthan.From this cyclonic circulation, a trough is extending up to central parts of Arabian Sea.Another trough is extending from Northwest Uttar Pradesh to Assam across Bihar, Sub-Himalayan West Bengal and Sikkim.The Cyclonic Circulation lies over South West Bay of Bengal and adjoining parts of Sri Lanka.A trough is extending from Bihar to East Madhya Pradesh up to Coastal Andhra Pradesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, moderate to heavy rains occurred over Northeast India and Sub-Himalayan West Bengal.ADVERTISEMENTLight to moderate rain at isolated places occurred over Odisha, Coastal Andhra Pradesh, parts of Telangana, Lakshadweep and Konkan and Goa.Light to moderate rain occurred over Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, Vidarbha, Kerala, Tamil Nadu, Coastal Karnataka, Uttarakhand, Himachal Pradesh Hotel, South Gujarat and Southwest Uttar Pradesh.Light rain occurred over Gangetic West Bengal, Interior Tamil Nadu, Rayalaseema, East Gujarat, Andaman and Nicobar Islands, parts of Delhi, Haryana and East Rajasthan.Heat wave conditions occurred at one or two places in Himachal Pradesh, Uttar Pradesh and Bihar.Weather activity likely during next 24 hoursDuring the next 24 hours, moderate to heavy rains are likely to continue over Northeast India, Sub-Himalayan West Bengal and Sikkim.Light to moderate rain with isolated heavy falls very likely over Odisha, parts of Chhattisgarh, East Madhya Pradesh, Telangana, Karnataka, Lakshadweep Lakshadweep and light to moderate rain at isolated places over Kerala .Light to moderate rain is possible over Bihar, Jharkhand, Karnataka, parts of Tamil Nadu, Andaman & Nicobar Islands, Vidarbha, Marathwada, Konkan & Goa, Western Himalayas, Punjab, Haryana, Uttar Pradesh and parts of Delhi & NCR.Light rain is possible over North and East Rajasthan, parts of Gujarat and West MP.
Rupee closed at Rs 78.07 against dollar today evening without any movement.Sensex closed down by breaking 1046 points.Today the stock market closed with a fall.Today, where the Sensex fell by about 1045.60 points, closed at the level of 51495.79 points.On the other hand, Nifty closed at the level of 15360.60 points down by 331.60 points.
Rupee depreciates by 1 paise against dollarRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 1 paise at Rs 78.07 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 78.07 with a weakness of 8 paise against the dollar.Sensex rises today, opens up 576 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 575.60 points to open at the level of 53116.99 points. On the other hand, the Nifty of NSE opened with a gain of 162.00 points at the level of 15854.20 points.
All India Weather Forecast for June 16, 2022Countrywide weather systemsThe Western Disturbance is over North Pakistan and adjoining areas of Jammu and Kashmir.An offshore trough is extending from Karnataka Coast to Kerala Coast.A cyclonic circulation is tilting towards the southwest over the central part of North Arabian Sea with an altitude between 3.1 and 5.8 km above sea level.A trough is extending from a cyclonic circulation over Arabian Sea to southwest Rajasthan across northeast Arabian Sea and Kutch.A low pressure line is seen from East Uttar Pradesh to Manipur passing through Bihar, Sub-Himalayan West Bengal, Sikkim and Assam.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Assam and Arunachal Pradesh received moderate to heavy rains.Light to moderate rain with isolated heavy falls occurred over Gangetic West Bengal, Sikkim, Rayalaseema, parts of Chhattisgarh and Lakshadweep.ADVERTISEMENTLight to moderate rain with isolated heavy rain occurred over Tamil Nadu, Kerala, North Coastal Odisha and Sikkim.Light to moderate rain occurred over Coastal Karnataka, parts of Gujarat, Odisha, East Rajasthan, South Interior Karnataka and South Coastal Andhra Pradesh.Light rain occurred at one or one place over Konkan and Goa, Madhya Maharashtra and Southeast Rajasthan, East Madhya Pradesh, Jharkhand, East Bihar, Telangana, Interior Karnataka and Andaman and Nicobar Islands.Heat wave conditions have been observed in one or two parts of Uttar Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with very heavy to very heavy falls very likely over Assam and Meghalaya.Light to moderate rain at isolated places is possible over Sikkim, rest of Northeast India, parts of Bihar, East Madhya Pradesh, parts of Kerala, Coastal Karnataka, Rayalaseema, Lakshadweep and Tamil Nadu.Light to moderate rain is possible over Western Himalayas, Punjab, Chhattisgarh, Odisha, Telangana, Coastal Andhra Pradesh, Maharashtra, Tamil Nadu, Andaman and Nicobar Islands and East Gujarat.Dust storm, thundershowers may occur over parts of Haryana, Punjab, Uttar Pradesh, Delhi, North and Northeast Rajasthan and North Madhya Pradesh.Heat wave will stop from all over the country.
Today evening, the rupee closed at Rs 78.06 with a weakness of 8 paise against the dollar.Sensex fell, closed down 152 points.Today the stock market closed with a fall.Today, where the Sensex fell by about 152.18 points, closed at the level of 52541.39 points.On the other hand, Nifty closed at the level of 15692.20 points down by 39.90 points.
Rupee depreciates against dollar, loses 2 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 2 paise at Rs 78.05 against the dollar. At the same time, on Tuesday, the rupee strengthened by 5 paise to close at Rs 77.98 against the dollar.Sensex fell further, broke 62 points openToday the stock market opened with a fall. Today the BSE Sensex fell by about 62.22 points and opened at the level of 52631.35 points. On the other hand, the Nifty of NSE opened at a level of 15718.50 points down by 13.60 points.
All India Weather Forecast for June 15, 2022Countrywide weather systemsA Western Disturbance is persisting over North Pakistan and adjoining areas, it will affect Jammu and Kashmir till June 15.An Offshore Trough is extending from South Gujarat Coast to North Kerala Coast.The cyclonic circulation over East-central Arabian Sea is inclined towards south-west with elevation between 3.1 to 7.6 km above mean sea level.A Low Level Trough is running from North Haryana to East Assam passing through Uttar Pradesh, Bihar, Sub-Himalayan West Bengal and Sikkim.A Cyclonic Circulation is persisting over Coastal Odisha.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Sikkim, Sub-Himalayan West Bengal, parts of Assam and Coastal Karnataka Karnataka and light to moderate rain at one or two places over West Rajasthan. Heavy rain occurred at 1-2 places.ADVERTISEMENTLight to moderate rain occurred over rest of Northeast India, Konkan and Goa, parts of Kerala, Lakshadweep, Telangana, parts of Marathwada, rest of Gujarat and Rajasthan.Light rain occurred at isolated places over Coastal Andhra Pradesh and West Madhya Pradesh, South Chhattisgarh, Madhya Maharashtra and Andaman and Nicobar Islands.Heat wave conditions occurred at isolated places over North Odisha, Delhi, Jharkhand, South-East Uttar Pradesh and South-West Bihar.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain at isolated places is possible over Northeast India, Sub-Himalayan West Bengal and Vidarbha, Gangetic West Bengal, Telangana, Marathwada, Tamil Nadu and Kerala.Light to moderate rain may occur over Odisha, parts of Jharkhand, Bihar, Chhattisgarh, East Madhya Pradesh, Karnataka, Andhra Pradesh, Andaman and Nicobar Islands and Lakshadweep.Light rain is possible at one or two places over Madhya Maharashtra, Konkan & Goa, Western Himalayas and West Madhya Pradesh and Gujarat.Dust storm and thundershowers are very likely to occur over East Rajasthan, Punjab, Haryana and parts of Uttar Pradesh.Heat wave conditions may occur at one or many places over north Odisha, Delhi, Jharkhand, southeast Uttar Pradesh and southwest Bihar in the next 24 hours.
Cotton and soya prices in India will be decided on the basis of demand and supply: Pasha PatelWhether it is cotton or any other crop, its price rise or fall depends on its demand and supply chain. If the production is less then the price increases, similarly if the production is high then the price goes down. The increase in cotton prices this season is also a result of the demand and supply chain. Talking about the coming season, it is certain that there will be an increase in the cotton crop in India, but even if the production of cotton at the global level is low, the farmers are likely to get the same good price as this year. It is said by the Maharashtra Agriculture Commission. Pasha Patel, former chairman ofGood move to increase MSPPasha ji, who is working continuously in the interest of farmers, expressed happiness over the government's increase in MSP. He said that this step of the government will give relief to the farmers. Why the labor cost, petrol, diesel, fertilizer etc. have all increased rapidly, so the cost of the farmer has also increased. Increasing MSP will help farmers in balancing this cost.Government to increase labor costPasha ji told that the biggest problem in agriculture for the farmers these days is the non-availability of labor and the rapidly increasing temperature on the earth. They tell that there is 250 labor payment in my village. It is very difficult in this time of inflation to earn a full day's wages on such a small amount. I appeal to the government to make some new policies and increase the labor cost.it is necessary to save the environmentHe told that according to the report of an organization called Creda, 40 percent of the grain production will stop after 2030 due to the increasing temperature on the earth. This is a very serious matter for all of us. Keeping this serious topic in mind, Pashaji has started awareness work on global warming. At present we are promoting bamboo cultivation. Because burning of coal gives 33 percent smoke while burning bamboo gives only 3 percent smoke while both have the same caloric value.Farmers shifting to soybeanTalking on the situation of cotton sleeping in Maharashtra, he said that sleeping has not started here yet. However, here the cotton belt is also shifting towards soybean because the prices of both the crops have increased. And it is easier for the farmers to maintain soybean cultivation than cotton. At present, soya is being planted in 42 lakh hectares and cotton in 40 lakh hectares in Punjab.
Sensex down 170 points as soon as it opened Today the stock market opened with a fall. Today the BSE Sensex fell by about 170.28 points and opened at the level of 52676.42 points. On the other hand, the Nifty of NSE opened at a level of 15737.20 points down by 37.20 points.
Rupee depreciates by 1 paise against dollarRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 1 paise at Rs 78.04 against the dollar. At the same time, on Monday, the rupee closed at Rs 78.03 with a weakness of 20 paise against the dollar.
Sensex down 170 points as soon as it opened Today the stock market opened with a fall. Today the BSE Sensex fell by about 170.28 points and opened at the level of 52676.42 points. On the other hand, the Nifty of NSE opened at a level of 15737.20 points down by 37.20 points.
All India Weather Forecast for June 14, 2022Weather systems made across the countryA Cyclonic Circulation is persisting over Central Pakistan.A Low Pressure Line is extending from South Gujarat Coast to North Kerala Coast.Another low pressure line is extending from North Central Maharashtra to South Gujarat, north-east Arabian Sea to central parts of Arabian Sea between 3.1 to 4.5 km above sea level.A low-level trough is extending from Northwest Uttar Pradesh to Bihar and Sub-Himalayan West Bengal across West Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, isolated heavy to very heavy rainfall occurred at six places over Sikkim, Sub-Himalayan West Bengal, Assam, Meghalaya, Arunachal Pradesh, parts of Kerala, Coastal Karnataka and Southwest Madhya Pradesh.ADVERTISEMENTLight to moderate rain occurred over rest of Northeast India, Lakshadweep, Interior Tamil Nadu, Rayalaseema, parts of Telangana, Marathwada, Madhya Maharashtra, South Gujarat and South Madhya Pradesh.Light rain occurred at one or two places over Andaman and Nicobar Islands, Coastal Andhra Pradesh, South Chhattisgarh, parts of Saurashtra and Kutch, Northeast Bihar, Gangetic West Bengal and Jammu and Kashmir, Himachal Pradesh and North Haryana.Heat wave conditions occurred at one or two places over Delhi, South Haryana, Jharkhand, Southeast Uttar Pradesh, Bihar and North Odisha.Weather activity likely during next 24 hoursDuring the next 24 hours, isolated light to moderate rain with isolated heavy falls is likely over parts of Coastal Karnataka and one or two parts of Kerala.Light to moderate rain is possible over Western parts of Madhya Pradesh, Southeast Rajasthan, East Gujarat, Konkan & Goa, Madhya Maharashtra, Coastal Andhra Pradesh, Rayalaseema and parts of Interior Karnataka.Light to moderate rain at one or two places very likely over Western Himalayas, parts of Punjab, Saurashtra & Kutch, Lakshadweep, Andaman & Nicobar Islands and Bihar, Gangetic West Bengal, Odisha, Chhattisgarh, Vidarbha and East Madhya Pradesh.Scattered light rain is very likely over Tamil Nadu, South-East Rajasthan, Uttar Pradesh, Jharkhand and Gangetic West Bengal.Heat wave conditions are expected to subside across the country in the next 24 to 48 hours.
Sensex and rupee fell simultaneouslyToday evening the rupee closed at Rs 78.04 with a weakness of 20 paise against the dollar.Today the closing took place with a fall in the stock market.Today, where the Sensex closed at the level of 52846.70 points, down 1456.74 points.On the other hand, Nifty closed at a level of 15774.40 with a fall of 427.40 points.
Sensex collapses as soon as it opens, registers a decline of 1283 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 1282.67 points and opened at the level of 53020.77 points. At the same time, the Nifty of NSE opened at the level of 15831.00 points down by 370.80 points.Rupee depreciates against dollar, opens 28 paise weakRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 28 paise at Rs 78.12 against the dollar. Today for the first time the rupee has weakened and crossed the level of Rs 78. At the same time, on Friday, the rupee declined by 7 paise to close at Rs 77.83 against the dollar.