India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Express Power

Advertisers Forum

Express Careers

Business Forum

Match Maker

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Morning Digest

Graffiti

Crossword

Drumbeat: Ad Buzzaar


Corporate

Economy

Expressions

Markets

Leisure

 

Wednesday, September 2, 1998

Cotton weak 

FE NEWS SERVICE  
MUMBAI, Sep 1: A dull-to-weak trend prevailed on the cotton market on increased offerings due to prospects of good crop.

V-797 at Rs 15,500-15,800, Morbi wagad at Rs 15,100-15,200 and Kala ginned at Rs 14,500-14,600 as also Sanker at Rs 18,500-22,000 a candy spot were static.

Hitherto firm Punjab zone also witnessed selling pressure turning the undercurrent easy. In the ready section, Bengal deshi saw-ginned ruled at Rs 1620-1640, J-34 saw-ginned good average at Rs 1800-1850 and cart-selected at Rs 1920-2040 a maund.

In forward new crop Bengal deshi roller-ginned October Punjab were on offer at Rs 1370-1380, Haryana at Rs 1360-1370 and Rajasthan at Rs 1350-1365. November delivery Haryana were on offer at Rs 1310-1320 and Rajasthan at Rs 1320-1335.

J-34 saw-ginned good average Haryana October were placed at Rs 1800-1850 and November at Rs 1750-1760. Cart selected J-34 saw-ginned Haryana had changed hands at Rs 1820-1825 for November.

Sugar dips

Sugar price registered sharp losses ex-octroicheckpost on heavy offerings.

The market witnessed heavy selling pressure in the wake of poor demand, coupled with the previous day's distinctly bearish tender advices. The price slumped by Rs 15 a quintal as M-30 were down to Rs 1415-1425 while S-30 fell to Rs 1395-1405, thereby, slipping below Rs 1400 mark. Ex-godown, the price ruled static at Rs 1443-1515 and at Rs 1420-1445 respectively on some what better buying support.

In tenders, the price ruled more or less unchanged after previous day's drop of Rs 10. M-30 were indicated at Rs 1375-1380 and S-30 at Rs 1355-1360 in Kolhapur line.

Milling wheat drifts

Milling wheat price fell sharply on the grains market. Rice Gujarat-17 ruled better. Elsewhere, a quietly steady trend prevailed.

On slack demand, coupled with the prospects of imports have caused a dent of Rs 20 a quintal in the price of milling wheat which drifted down to Rs 660-661. Saurashtra Lokvan wheat at Rs 760-825, Sihori at Rs 850-950, SW at Rs 900-1100, north Gujarat at Rs725-775 and Ganganagar at Rs 775-825 were unchanged.

Rice Gujarat-17 firmed up by Rs 100 at Rs 1500-1600 on reserved selling due to restricted supply. Permal FCI at Rs 850-950 and superior at Rs 1150-1250 were steady. Punjab Tericot rice were on offer at Rs 1700-1800 while Sarbati were traded in the range of Rs 2000-2200.

Among pulses, Australian gram were placed at Rs 1300, green peas USA at Rs 1600-1650 and Canadian at Rs 1050-1085. Rajma chitra deshi ruled at Rs 3000 and red imported at Rs 1900.

Yarn dull

A dull condition continued on the yarn market following poor demand.

Viscose filament yarn bright cones first quality Century Rayon, 150dn at Rs 224, 120dn at Rs 245, 100dn at Rs 258 and 75dn at Rs 269 a kg were unchanged. 120dn dull cones were placed at Rs 253.

Nylon yarn Shreelon 15/1/0dn at Rs 20/1/0dn were quoted at Rs 265 and at Rs 231 respectively.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


Top


The Ambassador Group of Hotels

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Click here for a printer-friendly page Printer-friendly page

An independent investment information and credit rating agency


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties