Daily Market Update By ‘Vizzie’

 

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ChiniMandi, Mumbai – Tuesday, 29th January 2019

Domestic: The market witnessed no major movement. In Maharashtra resell market is trading at ₹2890-₹2920. Mills are quoting S/30 2900 to 2930 and M/30 2980 to 3020. In Uttar Pradesh M/30 sugar is trading at ₹3120 to 3180. In Gujarat S/30 was trading at ₹2920-₹2960

• International: The market was quiet, London White Sugar is trading at $342.70 whereas US Sugar is trading at $12.70.

The FOB indication for raw sugar was at $302-$305 and Indian White Sugar at $313-$316
The demand of Raw Sugar range was ₹18800-19000/mt and White Sugar ₹19300-₹19600/MT on Ex.factory basis.

• Currency & Commodity: USD traded with INR at 71.33 meanwhile USD traded with BRL at 3.740, Crude Futures traded at ₹3745, WTI $52.41.

• Looking at indices, after gyrating over 350 points, the benchmark BSE Sensex Tuesday ended 64.20 points lower at 35,592 on mixed cues from global markets amid fresh concerns over ongoing US-China trade tiff. The NSE Nifty also edged lower by over 9 points to close at 10,652.

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