Market News Today

India's kharif pulses acreage rose 1.68% to 111.46 lakh hectares, driven by urad, tur, and moth bean growth, despite erratic rainfall putting crop yields under pressure.

NCDEX and the Cotton Association of India have signed a five-year partnership to enhance cotton derivatives trading, improve price discovery, and strengthen risk management for India's cotton supply chain.

Indian steelmakers maintain strong credit profiles, driven by robust domestic demand, firmer pricing, and protective trade measures that reduce import pressure and support EBITDA growth despite high capital expenditure.

U.S. crude oil inventories fell sharply by 4.450 million barrels, according to the Energy Information Administration, significantly surpassing market expectations and marking a notable shift in the energy market.

European and British natural gas prices surged to their highest levels since 2023, driven by a fresh military escalation in the Persian Gulf and a deepening supply crisis.

Mumbai's seven drinking-water reservoirs stand at 95.83 percent capacity with 13,86,969 million litres, ensuring strong short-term supply security as the monsoon enters its final stretch.

The Maharashtra Coastal Zone Management Authority has halted the Thane coastal road plan, demanding alternative alignments to protect 3,754 mangroves and the local creek ecosystem before granting environmental clearance.

Mumbai's aviation network shifts to a two-airport system, redistributing flights between CSMIA and NMIA to facilitate Terminal 1 redevelopment, aiming to manage its record 55.12 million annual passengers effectively.

Mumbai's expanding metro network is reshaping daily commutes as lines like 2A and 7 cross 200 million journeys, while suburban railways maintain high ridership with increased revenues from AC services.

Mumbai Metro Line 6 is testing a temporary maintenance plan at Vikhroli using a pit-line facility due to delays at the Kanjurmarg depot. The 15.31-km corridor costs ₹6,716 crore with expected daily ridership of 7.69 lakh.