Yesterday’s closing dated –27/12/2023
◾London White Sugar – 594.60 (+0.75%)
◾NYBOT Raw Sugar #11 – 20.65 (+0.58%)
◾USD/BRL- 4.8272 (+0.01%)
◾USD/INR – 83.290 (+0.04%)
◾Brent Crude – 79.53. (-0.01%)
◾BSE Sensex – 72,038.43 (+702 points)
◾NIFTY50 –21,654.75 (+213 points)
Sugar prices on Wednesday traded firm and ended the day moderately higher due to a decline in the dollar to a 5-month low. On Tuesday, NY sugar dropped to a 10-month low on the back of good sugar production in Brazil. The prices have recovered from there.
Brent Crude prices fell on Wednesday as shipping companies returned to the Red Sea stabilising supplies. Major shipping firms such as Maersk and France’s CMA CGM have resumed passage through the Red Sea following the deployment of a multinational task force to the region.
Back home, both Sensex and Nifty closed on Wednesday at their fresh closing peaks. This was the first time the Sensex closed above the 72,000 level. Both the Sensex and the Nifty 50 have jumped almost 8% in December so far.
