Market News Today

Following a fatal Kolkata warehouse collapse, West Bengal launched a statewide safety review of high-rise construction. This aims to enhance structural compliance, regulatory oversight, and public safety, influencing real estate and urban development across the state.

West Bengal is advancing the Kalyani Airport Project, seeking international investment for the 1,000-1,500 acre hub. Envisioned as a Kolkata complement, it aims to boost regional economic growth, connectivity, and urban development through a public-private partnership.

Authorities initiate a long-term drainage plan for Siliguri's flood-prone Matigara stretch (Asian Highway-2). It targets highway flooding relief, improving traffic, businesses, and urban resilience in North Bengal's critical transport corridor.

Meghalaya CM will pursue the Centre to amend the MMDR Act for scientific coal mining, making it feasible for small miners. Current open-cast methods are not financially viable, prompting talks with Union Ministers for policy tweaks.

Indian Railways approved Rs 1,131 crore for three infrastructure projects: 1,700 km optic fibre, 44.40 km Mansi-Saharsa line doubling, and Electronic Interlocking in Asansol, enhancing safety and operational efficiency.

Ukraine's intensified strikes on Crimea cause severe fuel shortages, blackouts, and water rationing. Residents face 20-liter limits, black market prices up to 350 rubles/liter, and daily life disruptions, with tourism also suffering.

Haryana power staff protested for four hours in Sirsa against the Agri DISCOM plan and unresolved demands. They threaten a July 2 statewide stir, including gheraoing the Power Minister's residence, if issues persist.

The Indian industrial pipe landscape exhibits a sharp structural divergence as Q2 2026 concludes. The Ductile Iron (DI) Pipe segment operates as a highly protected, vendor-approved oligopoly experiencing an artificial supply-demand gap, heavily supported by the capital deployment of the central government's Jal Jeevan Mission (JJM 2.0). Conversely, the Mild Steel (MS) ERW segment is navigating a hyper-competitive, oversupplied environment, entirely bound to the volatility of domestic Hot Rolled Coil (HRC) raw material indices.

CEA and BSES observed Electrical Safety Day 2026, urging 1,300+ participants and citizens nationwide to adopt safer electrical practices. Ministers stressed awareness and preventive action, launching new books to reduce fire accidents.

India's aluminium market has entered a corrective phase after June witnessed the sharpest monthly decline in LME aluminium prices since 2008. Improved Middle East supply, rising Chinese exports, and weaker global sentiment weighed on prices. While near-term pressure persists, healthy demand from infrastructure, EVs, and renewable energy continues to support the long-term outlook.