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This evening, the rupee gained 1 paisa against the US dollar, closing at 84.38At the close of trading, the BSE Sensex fell 984.23 points or 1.25 per cent to close at 77,690.95. The NSE's 50-share index, the Nifty, fell 324.40 points or 1.36 per cent to close at 23,559.05.Read More :-  Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi

The rupee drops to a new low of 84.41 versus the US dollar.The BSE Sensex fell 94.40 points to 78,580.78, while the NSE Nifty declined by 55.25 points to 23,828.20Indian markets opened weak as global cues and a cyclical earnings slowdown dampen investor sentiment. The BSE Sensex fell 94.40 points to 78,580.78, while the NSE Nifty declined by 55.25 points to 23,828.20. Analysts highlight mounting pressure in mid-cap and small-cap stocks, with Jefferies India lowering earnings forecasts for 63% of the large-cap companies it covers—the highest downgrade ratio since the pandemic in 2020.  Read More :>  Cotton Procurement Halted in Erstwhile Karimnagar Over New CCI Guidelines

The rupee finished at 84.39 against the dollar this evening, unchangedThe BSE Sensex closed at 78,675.18 points, down 820.97 points or 1.03%. The Nifty 50 index also fell 257.85 points or 1.07 points to 23,883.45 points. Due to this decline, the market cap of companies listed on the BSE fell by Rs 3.3 lakh crore to Rs 439.27 lakh crore.Read More :-  Cotton Procurement Halted in Erstwhile Karimnagar Over New CCI Guidelines

The rupee finished at Rs 84.39 versus the dollar this evening, down 1 paisaThe stock market closed flat on Monday after a volatile trading session. On the first trading day of the week, the Sensex closed with a marginal gain of 9.83 points at 79,496.15, while the Nifty fell 6.90 points to close at 24,141.30.Read More :-  Cotton Procurement Halted in Erstwhile Karimnagar Over New CCI Guidelines

Due to new CCI guidelines, cotton procurement in the former Karimnagar was halted.The cotton procurement process has come to a complete halt in the erstwhile Karimnagar district as all 11 ginning mills in the region have suspended operations in protest against the recently introduced guidelines by the Cotton Corporation of India (CCI).The new CCI guidelines mandate a sequential allocation of mills using a serial numbering system (L-1, L-2, L-3, etc.), with procurement starting at the first mill and progressing according to the assigned order. Mill owners argue that this policy could disadvantage those assigned lower numbers, leaving them without sufficient cotton for purchase once higher-priority mills have completed their intake.Since Monday morning, the suspension of procurement has affected all 11 ginning mills in the district. However, officials remain optimistic that the issue will be resolved soon, as discussions between CCI representatives and mill owners are currently underway.

Rupee falls 1 paisa to all-time low of 84.38 against dollar in early tradeThe rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities.Read More :> Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi

The rupee finished at Rs 84.38 versus the dollar this evening, down 1 paisaToday, on November 8, the Sensex closed 55 points lower at 79,486, while the Nifty ended 51 points lower at 24,148. Out of 30 Sensex stocks, 16 declined and 14 rose. Similarly, out of 50 Nifty stocks, 27 declined.Read More :-  Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi

Cotton Corporation of India Starts Procurement at Bhikangaon Mandi, Raising Cotton Prices to ₹7,500Bhikangaon Mandi witnessed a surge in cotton prices on Thursday, reaching a high of ₹7,500 per quintal, much to the delight of local farmers. The increase follows the commencement of cotton procurement by the Cotton Corporation of India (CCI) at the minimum support price (MSP).On its first day, CCI’s purchases were limited, with only two farmers managing to sell their produce. JP Singh, a CCI official, emphasized the need for farmers to register their cotton at the mandi to be eligible for MSP procurement.The registration process has been simplified, requiring only an Aadhaar card, a bank account, and a mobile number linked to Aadhaar. The mandi was bustling with activity as more cotton deliveries poured in. According to Mandi Secretary Rachna Tikkekar, 185 bullock carts and 155 vehicles arrived with fresh cotton loads.The price range for the day showed a maximum of ₹7,500 per quintal, a minimum of ₹5,558, and an average (model) price of ₹6,781. Local farmers like Jitendra Sejgaya and Rajendra Rathore expressed optimism, hoping that CCI’s involvement would bring price stability and better returns for their crops.CCI is currently procuring cotton with moisture content between 8% and 12%, offering rates from ₹7,421 to ₹7,124 per quintal, according to JP Singh. Mandi Secretary Tikkekar assured farmers that daily arrivals will be registered promptly, ensuring a smooth selling process.Read More :> Cotton Yarn Prices Drop by Rs 10/kg, Boosting Confidence in Rs 40,000 Crore Export Target

Early trading saw the rupee drop 5 paise to its lowest point ever, 84.37 against the US dollar.The rupee recovered from its all-time low level and witnessed a range-bound trade against the US dollar in early hours on Thursday, as investors remained cautious ahead of the US Fed meeting outcome later this week.READ MORE :>High Moisture Content Sparks Concerns for Cotton Farmers in Indian States  

The rupee ended the day 9 paise worse against the dollar, closing at Rs 84.37After two days of strength in the stock market, selling was seen once again on Thursday. During this period, the Sensex fell 836.34 points to close at 79,541.79. On the other hand, the Nifty fell 284.70 points to reach 24,199.35.Read More :-  Cotton Yarn Prices Drop by Rs 10/kg, Boosting Confidence in Rs 40,000 Crore Export Target

In early trading, the rupee climbs 5 paise to 84.26 against the US dollar.Sensex drops 800 pts to 79,600; Nifty down at 24,250; Metal, Bank drag At around 10 AM, the BSE Sensex was 844 points, or 1.05 per cent lower, at 79,533, and the Nifty 50 was at 24,221, down 262 points, or 1.07 per cent.Read More :> Demand for ban on cotton import, farmers fear loss due to decrease in production