Market Movement from 21st Dec 2020 to 26th Dec 2020
Due Christmas holidays, this week was short in terms of trading days. Market crashed on Monday due to lockdown news and more spread of Covid-19 cases in Europe and also increasing numbers in USA in line with other markets. But finally recovered majority of the loss and closed the week with 96 points loss.
US export sales report was published on Wednesday showing one more weekly sale of 4 Lakh plus bales and also good shipment pace which helped future market to recover from Monday’s losses.
Soft dollar also supported market
Indian physical market also followed NY and week start with some down trend but after NY recovered on Wednesday Indian market recovered early losses.
CCI has procured over 67 lakh bales till date.
During this week sales of CCI was negligible.
All India daily arrivals remained between 2,70,000 to 3,00,000 bales a day.
Daily arrival in Gujarat was nearly 55,000 to 60,000 bales a day.
Gujcot spot rate remained between 41,850 to 42,200 during this week.
Indian rupee remained stable between 73.54 to 73.84 against USD.
Latest News
Gujcot Weekly Report
Market Movement from 12th Apr 2021 to 17th Apr 2021
• After weak opening of NY Futures on Monda