Daily Market Update By ‘Vizzie’

ChiniMandi, Mumbai – Friday, 18th January 2019

Domestic: The week ended with a downtrend and no demand. The rates millers quoted today were as follows, Kolhapur belt ​₹2900 to ₹2920,​ Pune-Ahmednagar belt ​₹2920 to ₹2940.​ In Uttar Pradesh, M/30 was traded at ​₹3200 to to 3250​. In Gujarat S/30 was traded at ₹3055. (Rates are excluding GST).​ ​Meanwhile In Kolkata, S/30 was traded at ₹3460-₹3470. (Including all taxes)

• International: The market is holding a flatness. London White Sugar is trading at $350.10, whereas US Sugar is trading at $12.92.

The FOB indication for raw sugar was at $298-$302 and Indian White Sugar at $312-$316

The demand of Raw Sugar range was ₹18300-18500/mt and White Sugar ₹19300-₹19500/MT on Ex.factory basis.

• Currency & Commodity:​ USD traded with INR at 71.21 meanwhile USD traded with BRL at 3.7525, Crude Futures ​traded at ​₹3752, ​WTI $52.76

• Looking at indices, Markets closed marginally higher after a volatile session as investors largely stuck to index heavyweights despite positive global cues. The BSE Sensex settled 12.53 points higher at 36386. The broader NSE Nifty inched up 1.75 points to 10906.

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