Daily Market Update By ‘Vizzie’

ChiniMandi, Mumbai – Monday, 7th January 2019

Domestic: Overall nationwide there was slight demand today. In Maharashtra millers opened tenders at ₹2900 to ₹2920, whereas in resale, traders were quoting S/30 at ₹2890-₹2900, In Uttar Pradesh, M/30 was traded at ₹3050 to ₹3150 (Rates are excluding GST).

• International: The flatness in the market is yet streaming. London White Sugar traded at $337.90, whereas US Sugar Traded at $12.26.
The FOB indication for raw sugar was at $294-$298 & Indian White Sugar at $311-$314
The demand of Raw Sugar range was ₹18000-18200/mt & White Sugar ₹19000-₹19200/MT on Ex.factory basis.

• Currency & Commodity: The rupee appreciated against the US dollar and traded at 69.81 meanwhile USD traded with BRL at 3.700, Crude Futures traded at ₹3414, WTI $48.94.

• Equity: The 30-share Sensex opened higher and continued its upward march to regain the 36000-mark, hitting a high of 36076. It, however, lost some ground towards the fag-end due to profit-booking and a weak trend in European markets and settled 155 points at 35850. Similarly, the broader 50-share NSE Nifty gained 44 points to end at 10771.

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