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Today evening, the rupee strengthened by 8 paise to close at Rs 74.41 against the dollar.Today the stock market closed with a fall.  Today, where the Sensex fell by about 12.17 points, closed at the level of 57794.32 points. On the other hand, Nifty closed at the level of 17204.00 points down by 9.60 points.  

*All India Weather Forecast for December 30, 2021**Weather systems made across the country*A Cyclonic Circulation lies over East Uttar Pradesh and adjoining parts of Bihar.A weak Western Disturbance is expected to reach Western Himalayas by January 1.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rains occurred over parts of Chhattisgarh, East Madhya Pradesh and Vidarbha with isolated heavy rains.Light to moderate rain occurred over rest of Madhya Pradesh, some more parts of Vidarbha, East UP, Bihar, Jharkhand, Odisha and West Bengal.Light rain with isolated places occurred over West Uttar Pradesh, Sikkim and parts of Rajasthan.Light rain occurred at isolated places over Delhi & NCR, Gujarat, Southeast Rajasthan, Coastal Tamil Nadu, Coastal Odisha, West Bengal and Andaman & Nicobar Islands.Moderate to dense fog remained over isolated parts of Gujarat, Delhi, Punjab and West Uttar Pradesh.Vidarbha, Chhattisgarh and parts of Rajasthan witnessed hailstorm.*Weather activity likely during next 24 hours*During the next 24 hours, light rain is likely over East Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh, parts of Odisha, West Bengal, Sikkim, Assam, Meghalaya and Arunachal Pradesh.Light rain is likely at isolated places over Nagaland, Manipur, Mizoram and Tripura.Light rain with some moderate places is possible over Andhra Pradesh and Tamil Nadu Coasts.Light rain is very likely over the interior parts of Tamil Nadu and Andaman and Nicobar Islands.The minimum temperature is likely to drop by 2 to 4 degrees over the Northwest and Central parts of the country.Dense fog is also possible in the morning in the Gangetic plains. *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*

*Cotton scales over one-month high on weaker dollar**ICE cotton futures rose over 3% to a one-month high on Wednesday, as a weaker US dollar made the natural fiber less expensive for overseas buyers.**The dollar index was down 0.3% in thin holiday trading as investors looked beyond a surge in Omicron cases.**The weakness in the dollar is supporting cotton prices and there is further support from a strong stock market, said Keith Brown, principal at Keith Brown and Co in Georgia.**“The price moves are also part of year-end volatility as trading is happening in very low volumes.”**The Dow index inched towards an all-time high on a boost from retailers Home Depot and Nike, while record daily US COVID-19 infections kept gains in check amid low trading volumes in the final week of the year. Investors now await the US Department of Agriculture’s weekly export sales report due on Thursday.**“Demand for US cotton is robust and might continue to grow stronger in 2022 if the supply chain situation improves,” added Brown.**Total futures market volume rose by 66 to 14,569 lots. Data showed total open interest gained 484 to 234,850 contracts in the previous session.*

*PAKISTAN COTTON MARKET UPDATE**Modest recovery seen on cotton market**The Spot Rate Committee of the Karachi Cotton Association (KCA) on Wednesday increased the spot rate by Rs 200 per maund and closed it at Rs 17500 per maund.**The Spot Rate Committee of the Karachi Cotton Association on Wednesday increased the spot rate by Rs 200 per maund and closed it at Rs 17500 per maund. The Polyester Fibre was available at Rs 245 per kg.**The market remained bullish and the trading volume remained low.**Cotton analyst Naseem Usman while talking to Business Recorder said that price of Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 7800. The Prime Quality Cotton was available at Rs 17500 per maund.**Cotton of Sindh was traded from Rs 14500 to Rs 17500 per maund, Punjab’s cotton was traded from Rs 15000 to Rs 17500 per maund and Balochistan’s cotton prices remained from Rs 16,000 per maund to Rs 16,500 per maund.**While Banola from Sindh was traded from Rs 1,400 to Rs 2,300 per maund, Punjab’s crop was traded from Rs 1,800 to Rs 2,400 per maund and Balochistan’s Banola was traded from Rs 1,700 to Rs 2,300 per maund, added Naseem Usman.**As many as 800 bales of Ghotki were sold at Rs 18200 per maund, 600 bales of Sadiqabad were sold at Rs 17500 to Rs 18000 per maund, 2400 bales of Feroza were sold at Rs 18000 per maund, 200 bales of Rahim Yar Khan were sold at Rs 17500 per maund and 400 bales of Hasil Pur were sold at Rs 16500 per maund.*c

Cotlook की दिसंबर आपूर्ति और मांग पूर्वानुमान 2021/22 में विश्व शेयरों में मामूली वृद्धि का संकेत देते हैं2021/22 सीज़न के लिए, उत्पादन 43,000 टन कम किया गया है, चीन, संयुक्त राज्य अमेरिका और पाकिस्तान में वृद्धि के कारण भारत के लिए काफी कमी से ऑफसेट से अधिक है। चीन के लिए हमारी संख्या में किए गए प्रमुख समायोजन के साथ, खपत में भी अधिक अंतर से कमी आई थी। इसलिए, वैश्विक कपास स्टॉक में एक महीने पहले 110,000 की कमी की तुलना में 2021/22 के अंत तक 27,000 टन बढ़ने का अनुमान है।हमारे दिसंबर के आकलन में 2020/21 सीज़न के दौरान कच्चे कपास के उत्पादन के कॉटलुक के अनुमान को बनाए रखा गया है। छोटे देशों के समायोजन के कारण वैश्विक खपत एक महीने पहले की तुलना में थोड़ी अधिक है। इसलिए 31 जुलाई, 2021 तक विश्व स्टॉक में 1,374,000 टन की कमी होने का अनुमान है।Cotlook’s December supply and demand forecasts indicate a modest addition to world stocks in 2021/22For the 2021/22 season, production has been lowered by 43,000 tonnes, owing to increases in China, the United States and Pakistan being more than offset by a considerable reduction for India. Consumption was also decreased, by a greater margin, with the major adjustment made to our number for China. Hence, global cotton stocks are forecast to increase by 27,000 tonnes by the end of 2021/22, compared with a reduction of 110,000 a month ago.Cotlook’s estimate of raw cotton production during the 2020/21 season has been maintained in our December assessment. Global consumption is slightly greater than a month ago, owing to adjustments for smaller countries. World stocks are therefore estimated to have decreased by 1,374,000 tonnes by July 31, 2021.

Today evening the rupee depreciated by 8 paise to close at Rs 74.74 against the dollar.Today the stock market closed with a fall. Today, where the Sensex fell by about 90.99 points, closed at the level of 57806.49. On the other hand, Nifty closed at the level of 17213.60 points down by 19.70 points.  

Rupee depreciates against dollar, opens 7 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 7 paise at Rs 74.73 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 74.66 with a gain of 34 paise against the dollar.

Sensex rose marginally, opened up 33 pointsToday the stock market opened with great momentum. Today, the BSE Sensex opened with a gain of 32.78 points at the level of 57930.26 points.

*ICE COTTON SUMMARY**Cotton eases off four-week high on dollar strength**ICE cotton futures retreated on Tuesday in thin year-end trading from a four-week peak hit in the previous session, as a strong US dollar made the natural fiber more expensive for other currency holders.**“We are seeing a little bit of market correction after yesterday’s rally. The dollar is a little higher, so that could be adding a little bit of pressure,” said Bailey Thomen, cotton risk management associate at StoneX Group.**“We’re seeing still a relatively light volume trading overall as a lot of traders are still absent from the market in this holiday week. However, demand for US cotton continues to be pretty robust.”**The dollar index, which measures the currency against six major rivals, rose 0.2% on expectations the Federal Reserve could raise interest rates as early as March to counter rising inflation.**Last week, the US Department of Agriculture’s weekly export sales report showed net sales of 243,900 running bales for 2021/2022, with China being the top buyer.**Speculators cut net long positions in cotton futures by 9 contracts to 69,204 in the week to Dec. 21, data from the Commodity Futures Trading Commission showed on Monday.**The S&P 500 hovered around record highs on Tuesday as conviction in the US economy helped investors shrug off concerns over Omicron-driven travel disruptions and store closures. Oil prices also extended gains.**Total futures market volume fell by 9,986 to 7,573 lots. Data showed total open interest gained 933 to 234,366 contracts in the previous session.*

*PAKISTAN COTTON MARKET UPDATE**Official spot rate shed Rs100 amid slow business**The Spot Rate Committee of the Karachi Cotton Association (KCA) on Tuesday decreased the spot rate by Rs 100 per maund and closed it at Rs 17500 per maund. The market remained steady and the trading volume remained low.**Cotton analyst Naseem Usman while talking to Business Recorder told that price of Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 7800. The Prime Quality Cotton was available at Rs 17500 per maund.**Cotton of Sindh was traded from Rs 14500 to Rs 17500 per maund, Punjab’s cotton was traded from Rs 15000 to Rs 17500 per maund and Balochistan’s cotton prices remained from Rs 16,000 per maund to Rs 16,500 per maund.**While Banola from Sindh was traded from Rs 1,400 to Rs 2,300 per maund, Punjab’s crop was traded from Rs 1,800 to Rs 2,400 per maund and Balochistan’s Banola was traded from Rs 1,700 to Rs 2,300 per maund, added Naseem Usman.**As many as 800 bales of Haroonabad were sold at Rs 14600 to Rs 16000 per maund, 200 bales of Fort Abbas were sold at Rs 16650 per maund, 400 bales of Donga Bonga were sold at Rs 16700 per maund, 1200 bales of Yazman Mandi were sold at Rs 15500 to Rs 16500 per maund, 400 bales of Dharan Wala were sold at Rs 16500 per maund, 800 bales of Rahim Yar Khan were sold at Rs 16500 to Rs 17400 per maund.**The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 100 per maund and closed it at Rs 17500 per maund. The Polyester Fiber was available at Rs 245 per kg.*

*All India Weather Forecast for December 29, 2021**Weather systems made across the country*The Western Disturbance is over Jammu and Kashmir and adjoining areas of Ladakh.A cyclonic circulation lies over Northeast Rajasthan and a trough is extending from this cyclonic circulation across western parts of Madhya Pradesh up to Vidarbha.A Cyclonic Circulation is persisting over Southwest Bihar and adjoining areas.*Weather movement across the country during the last 24 hours*During the last 24 hours, some heavy rain with light to moderate rain occurred over Southeast Rajasthan.Light to moderate rain occurred over western parts of Madhya Pradesh.Apart from the southern districts, isolated light rain occurred in many parts of Gujarat.Scattered light rain occurred over East Madhya Pradesh, Odisha, North Coastal Andhra Pradesh, Assam, Sikkim and Andaman and Nicobar Islands.Light to moderate rain and snow occurred in Gilgit-Baltistan, Muzaffarabad, Ladakh and Jammu and Kashmir.Dense fog was observed over some parts of Chhattisgarh and moderate fog was observed at one or two places over western parts of Rajasthan and Jharkhand.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain is likely over many parts of Uttar Pradesh, Madhya Pradesh and Rajasthan.Light rain with scattered snow is likely over Western Himalayas.Light rain is possible over Gujarat, Chhattisgarh, Bihar, Jharkhand and West Bengal, Orissa, Vidarbha and Sikkim.After 24 hours, the minimum temperature of Northwest India is likely to drop by 2 to 3 degrees.Dense fog is also likely over parts of Punjab, Haryana, Rajasthan and West Uttar Pradesh.