Daily Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Wednesday, 2nd January 2019

Domestic: There has been no major movement in the market. In Maharashtra, S/30 was traded at ₹2900-₹2920, In Uttar Pradesh, M/30 was traded at ₹3050 to ₹3150 (Rates are excluding GST).

• International: The annual decline in prices continued today as well. London White Sugar traded at $332.10, whereas US Sugar Traded at $12.05

• The FOB indication for raw sugar was at $295-$300 & Indian White Sugar at $312-$315
The demand of Raw Sugar range was ₹18500-18700/mt & White Sugar ₹19200-₹19400/MT on Ex.factory basis.

• Currency & Commodity: USD traded with INR at 70.06 meanwhile USD traded with BRL at 3.866, Crude Futures traded at ₹3150, WTI $44.76

• Equity: The 30-share BSE index after cracking over 500 points in the early session pared some losses towards the fag-end and finished lower by 363 points at 35,891. Similarly, the broader NSE Nifty plunged 117 points to settle at 10792.

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