market news bulletin
*This week has been mixed for textile investors**Weekly Report of Major Textile Stock :-**This week has been mixed for the shareholders of the textile industry amid the ups and downs in the stock market. In fact, some of the major textile companies saw a negative difference in the market cap of the company this week, while the market cap of some companies was positive. SIS has brought for you this week's special report on the shares of major textile companies from the platform of BSC –*
Stormy rise in Sensex in the new year, closed up 708 pointsToday is the first day of the new financial year. And today the stock market closed sharply. Today, where the Sensex closed at the level of 59276.69 with a gain of 708.18 points. On the other hand, the Nifty closed at the level of 17670.50 with a gain of 205.70 points.
Sensex collapses as soon as it opens, registers a fall of 87 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 87.31 points and opened at the level of 58481.20 points. On the other hand, the Nifty of NSE opened with a decline of 33.10 points at the level of 17431.70 points.
All India Weather Forecast for April 1, 2022Weather systems made across the countryA cyclonic circulation lies over Punjab and another cyclonic circulation lies over East Uttar Pradesh at low levelsA trough is extending from Odisha to Interior Karnataka via Telangana.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Northeast India.Light to moderate rain occurred at isolated places over Kerala, Sub-Himalayan West Bengal, Sikkim and East Bihar.Heat wave conditions are observed over West and South Rajasthan, parts of West Madhya Pradesh and parts of Gujarat, Madhya Maharashtra, Marathwada, Vidarbha, South Haryana, Delhi, West Uttar Pradesh and rest of Rajasthan. Viewed.Weather activity likely during next 24 hoursHeat wave to severe heat wave conditions are likely to continue over West & South Rajasthan, West Madhya Pradesh and Heat wave conditions over Gujarat, Madhya Maharashtra, Marathwada, Vidarbha parts of South Haryana, Delhi West Uttar Pradesh and Rest of Rajasthan May continue till today. Between April 1 and April 3, there may be slight relief in heat wave conditions and after that it will intensify once again.Light to moderate rain is very likely at isolated places over Northeast India for the next 3 to 4 days.Light to moderate rain may occur at isolated places over Sub Himalayan West Bengal, Sikkim, Kerala and Interior Tamil Nadu and Andaman and Nicobar Islands.
OIL NEWS BULLETIN
Know important information related to cotton cultivation from the expert:-The arrival of cotton is in its last phase and farmers have started preparing to cultivate cotton in the new season. This season the cotton crop suffered heavy losses in many areas. As a result, the arrival of cotton across the country decreased. SIS had conversation with cotton expert Sushil Kumar Gupta to know the specifics related to cotton cultivation-Cultivation of cotton starts from the month of May but if adequate irrigation is not available then cotton should be sown only after the arrival of monsoon.The temperature should be right for a good crop. The ideal temperature for the crop to grow is 16 degree centigrade and for germination the ideal temperature should be 32 to 34 degree centigrade.The temperature of 21 to 27 degrees is required for the growth of the crop. Whereas the day temperature should be 25 to 30 degree centigrade and the nights should be cool at the time of planting.At least 50 cm of rainfall is required for cotton. Rainfall in excess of 125 cm can be harmful.While preparing the cotton field, care should be taken that the field is completely level so that both the water holding and drainage capacity of the soil is good.Sow Bt cotton by planting seeds (dibbling) at 108 & 60 cm ie 108 cm row to row and plant to plant at 60 cm or 67.5 & 90 cm distance.The row-to-row distance of American varieties should be 60 cm and plant to plant distance should be 45 cm.In native varieties, row to row distance should be kept 45 cm and plant to plant distance should be 30 cm.By preparing plants in polythene bags and planting them in the empty spaces, the desired number of plants can be maintained.If cotton is sown in saline land, then seed should be grown on the slope of the bunds by making bunds.Three to four weeks before sowing, 25 to 30 carts of cow dung manure per hectare should be plowed and mixed well in the land.American and Bt varieties require 75 kg nitrogen per hectare and 35 kg phosphorus and indigenous varieties 50 kg nitrogen per hectare, 25 kg phosphorus is required.Give potash fertilizer on the basis of soil test, give full quantity of phosphorus and potash and half quantity of nitrogen before sowing. Give the remaining half of nitrogen at the time of flower bud formation.When the twigs are in full bloom in the cotton, then they should be selected. Start the first pick when 50 to 60 percent of the locusts are in bloom and do the second when the remaining locusts are in bloom.Additional profit can be earned by sowing crops like moong, urad, groundnut, soybean etc. between two rows of cotton. Co-cropping also reduces the incidence of weeds and insect diseases in cotton.Sankara and Bt. For this purpose, 4 kg certified seed should be applied per hectare. For sowing indigenous and soft varieties, use 12 to 16 kg certified seed per hectare. Plant the seeds at a depth of about 4 to 5 cm.(As told by cotton expert Sushil Gupta)
Know how this fortnight was for cotton in Haryana*This year is going to be a historic rally in cotton prices. The prices of cotton and allied products have increased in almost all the cotton growing states of the country. After Gujarat and Punjab, now SIS has brought Haryana's report for you. It is clear from this report that in Punjab, Narma cotton has increased by Rs 1500, seed by Rs 175, cotton by about Rs 1000, rukhal by Rs 120 and comber by Rs 22. Have a look at our special report-*
Today evening the rupee strengthened by 12 paise to close at Rs 75.79 against the dollar.Today the stock market closed with a fall.Today where the Sensex closed at a level of 58568.51 points down by about 115.48 points. On the other hand, Nifty closed at the level of 17464.80 points down by 33.50 points.
Rupee opens 17 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with the strength of 17 paise at Rs 75.74 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 75.91 with a strength of 7 paise against the dollar.
Sensex rises further, opens up 142 pointsToday the stock market opened with great momentum. Today, the BSE Sensex opened with a gain of 114.44 points at the level of 58798.43 points. On the other hand, the Nifty of NSE opened with a gain of 41.50 points at the level of 17539.80 points.
All India Weather Forecast for March 31, 2022Weather systems made across the countryA Dry Cyclonic Circulation is persisting over Punjab, Haryana and adjoining areas, which is intensifying heat in these areas.A Cyclonic Circulation is persisting over North Bangladesh.At lower levels, a trough is extending from Vidarbha to Kerala up to Interior Karnataka.Weather movement across the country during the last 24 hoursDuring the last 24 hours, isolated heavy rain with light to moderate rain occurred over Kerala and Lakshadweep.Light to moderate rain occurred over Northeast India, Sikkim and Sub-Himalayan West Bengal.Heat wave conditions were observed over many parts of West Rajasthan and parts of East Rajasthan. Heat wave conditions prevailed over many parts of Himachal Pradesh, parts of Saurashtra and Kutch and at one or two places over Jammu region, Uttarakhand and West Madhya Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, heat wave conditions are likely to occur over West Rajasthan.Heat wave conditions are possible over Jammu region, Himachal Pradesh, parts of South Haryana, Delhi, Saurashtra and Kutch, East Rajasthan, West Madhya Pradesh and Vidarbha as well as isolated parts of North Madhya Maharashtra and Marathwada.Heat wave conditions are possible over South Uttar Pradesh, parts of Jharkhand and Interior Odisha.Light to moderate rain with isolated places is possible over Kerala and Lakshadweep. Light to moderate rain is possible over South Coastal Karnataka, Andaman and Nicobar Islands.Light rain is possible over Interior Tamil Nadu and Sub-Himalayan West Bengal.The intensity of rain and thundershowers may increase over Northeast India.
This year has been a historic rally in cotton prices. The prices of cotton and allied products have increased in almost all the cotton growing states of the country. After Gujarat, now SIS has brought the report of Punjab for you. It is clear from this report that in the last 15 days, in Punjab, there has been an increase of Rs 1800 in Narma cotton, Rs 300 in Seed, about Rs 1000 in Cotton and Rs 22 in Comber. Have a look at our special report-
Bangladesh: Export policy order from 2021 to 2024 approvedThe cabinet yesterday approved the draft Export Policy 2021-2024 with the aim to almost double Bangladesh's export earnings to $80 billion from $45 billion within the period by facilitating shipments of diversified, non-traditional goods and labour based products. The policy prepared for three years also aims to bolster the shipment of high-value products by ensuring standards and compliance as well as encouraging modern, sustainable and green technologies, according to the draft policy prepared by the commerce ministry."The policy was prepared to cope with the upcoming challenges that will emerge after the country's graduation from the least developed country category," said Cabinet Secretary Khandker Anwarul Islam during a media briefing after the cabinet meeting.He said the policy has given emphasis on product diversification, identification of priority products, expansion of export industries, and making trade and investment easier to boost exports.Special importance was also given to devise the strategy for the 4th Industrial Revolution, economic diplomacy to expand markets, and bring dynamism in exports.The draft policy gives priority to the ICT and services sectors, e-commerce, e-governance, and women as well as small entrepreneurs engaged in export-oriented industries.To attain the goal, the draft said steps will be taken to identify areas of cooperation among government chambers and related agencies.Specific, time-bound plans will be taken to achieve the targets, it added.In addition, commercial missions abroad will be tasked with branding products made in Bangladesh. They will be given specific export targets and their performances will be evaluated, the draft policy said.
Spinners cut cotton purchases by 15%Ahmedabad: Yarn manufacturers have cut cotton procurement due to rising prices of their original raw materials. Cotton prices have surged 12.5 per cent in nearly 40 days to a record high of Rs 90,000 per candy. According to estimates by the All Gujarat Spinners Association (AGSA), spinning units (yarn manufacturers) have cut purchases by at least 15%."The increase in cotton prices is driving up the production cost of spinners. For pre-negotiation, yarn makers are forced to take a hit. With cotton prices rising steadily, the spinning units have no option but to reduce production. Most units have cut production by at least 15%," said Bharat Bogra, President, AGSA.According to AGSA estimates, there are around 110 spinning units in Gujarat, apart from corporate houses, which have in-house spinning capacity, with a combined installed capacity of 45 lakh spindles."At the recent meeting of representatives of spinning units from all over Gujarat, the members decided to cut production by about 15% and thus the procurement of cotton was reduced from 6.2 lakh bales to 5.3 lakh bales. This is mainly to reduce the cost pressure on yarn manufacturers, as the receipts are not in line with the increase in cotton prices," said Sourin Parikh, president of AGSA.The price rise in the textile value chain due to the cost of cotton- spinning units, weaving units, fabric processors and garment manufacturers has jumped. Industry stakeholders predict that rising cotton prices will hamper exports of readymade garments.To further reduce the cost pressure, members of AGSA are also considering serious measures like stopping production one day a week and stopping the purchase of cotton as a protest.The AGSA members had requested the government to cancel the 10% basic customs duty on cotton imports."We are also demanding a temporary ban on the trading of cotton on Indian multi-commodity exchanges, as hedging by speculators in cotton is causing artificial price rise. We also want the government to impose temporary restrictions on cotton exports, so that the price pressure is reduced," Parikh said.The yarn manufacturers are currently facing a loss of Rs 40 per kg of manufactured yarn.A yarn maker said, "We are not able to put costs on buyers as raising prices will be detrimental to demand, at a time when consumers are also facing inflationary pressures.
Rupee opens 33 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a gain of 33 paise at Rs 75.66 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 75.98 with a gain of 17 paise against the dollar.
| title | Created At | Action |
|---|---|---|
| Market news bulletin | 02-04-2022 01:49:56 | view |
| This week has been mixed for textile investors | 02-04-2022 01:09:05 | view |
| Stormy rise in Sensex in the new year, closed up 708 points | 01-04-2022 22:58:10 | view |
| Sensex collapses as soon as it opens, registers a fall of 87 points | 01-04-2022 17:47:24 | view |
| All India Weather Forecast for April 1, 2022 | 01-04-2022 14:43:17 | view |
| OIL NEWS BULLETIN | 01-04-2022 01:49:52 | view |
| Know important information related to cotton cultivation from the expert:- | 01-04-2022 01:42:30 | view |
| Know how this fortnight was for cotton in Haryana | 01-04-2022 00:43:46 | view |
| Today evening the rupee strengthened by 12 paise to close at Rs 75.79 against the dollar. | 31-03-2022 23:39:54 | view |
| Rupee opens 17 paise stronger against dollar | 31-03-2022 19:30:21 | view |
| Sensex rises further, opens up 142 points | 31-03-2022 19:30:03 | view |
| All India Weather Forecast for March 31, 2022 | 31-03-2022 16:37:33 | view |
| Know how this fortnight was for cotton in Punjab | 31-03-2022 01:01:06 | view |
| Bangladesh: Export policy order from 2021 to 2024 approved | 30-03-2022 22:10:50 | view |
| Spinners cut cotton purchases by 15% | 30-03-2022 18:26:42 | view |
| Rupee opens 33 paise stronger against dollar | 30-03-2022 17:25:10 | view |
