Daily Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Monday, 10th Dec. 2018

? Domestic: The entire market nationwide has been lagging with flat signals. Maharashtra market is trading at ₹2870-2890, Millers are trading at ₹2900-2920 they are hoping for some kind of demand in the market. The market in Uttar Pradesh is also very quiet, M/30 Sugar was traded at ₹3050 to ₹3090 In Chennai S/30 traded at ₹3180-3220 (Rates are excluding GST).

? International: The week began with some hope of movement in the market, however last week’s flatness continued to remain today as well. London White Sugar traded at $345.60, whereas US Sugar Traded $12.80

? The FOB indication for raw sugar was at $297-$303 & Indian White Sugar at $312-$317
The demand of Raw Sugar range was ₹18700-18900/mt & White Sugar ₹19500-₹19700/MT on Ex.factory basis.

? Currency & Commodity: USD/INR was traded at 71.48 & USD/BRL 3.905, Domestic Crude Futures ₹3767 (-85), Crude WTI $51.80

? Equity: BSE Sensex closed at 34959 down by 713 Points & Nifty closed at 10488 down by 205 Points
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