Daily Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Tuesday, 11th Dec. 2018

? Domestic: The market is steady with scanty demand nationwide Maharashtra market is trading at ₹2870-2890, Millers in Maharashtra are hoping for some sweet deal with the Chinese delegation in a meeting which is scheduled tomorrow. The market in Uttar Pradesh was also very quiet, M/30 Sugar was traded at ₹3000 to ₹3070 In Chennai S/30 traded at ₹3180-3220 (Rates are excluding GST).

? International: The flatness continued to remain today as well. London White Sugar traded at $343, whereas US Sugar Traded $12.74

? 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 72.01 & USD/BRL 3.906, Domestic Crude Futures ₹3725 (-40), Crude WTI $51.61

? Equity: BSE Sensex closed at 35150 up by 190 Points & Nifty closed at 10549 up by 60 Points

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