Market News Today

India’s chemical market is showing mixed price signals as Deepak Phenolics raises Isopropyl Alcohol (IPA) by ₹7/kg and Acetone by ₹4/kg, while GNFC reduces Acetic Acid by ₹2,000/MT and revises Ethyl Acetate prices downward. Brent crude above $110/barrel adds cost-push risk, although healthy port inventories and continued cargo arrivals are cushioning spot availability across several chemical categories.

India’s copper market faces conflicting signals: record US inventory accumulation and a 0.59% price decline are weighing on sentiment, while Chilean mine disruptions and stronger Chinese import premiums highlight supply tightness in specific markets. MCX copper’s near-term direction hinges on the ₹1,376/kg support level, with tariff uncertainty and elevated global prices likely to sustain volatility.

India’s mild steel (MS) structural steel market remains volatile, with frequent price revisions across billets, beams, channels, angles and wire rods. Nexizo’s latest displayed rates show MS billets at ₹47,100/MT in Mandi Gobindgarh and structural sections around ₹51,200–51,900/MT, while cautious purchasing and raw-material movements continue to shape the near-term outlook.

WWF-India launched a Green Diwali campaign across 130 cities from October 20 to November 8, urging residents to avoid firecrackers and adopt eco-friendly celebrations to reduce winter pollution.

Authorities enforced strict dust-control measures and GRAP-1 restrictions across the region as air quality deteriorated to poor, banning coal and firewood use while mandating site compliance.

Cracks on a major flyover forced its partial closure, causing a three-kilometer traffic jam on the highway. Repairs are expected to be completed by October 26.

A relief drive in Faizullaganj will distribute essential ration kits to 10,000 flood-affected households, aiming to provide immediate food assistance and support restoration efforts.

Goa's charter tourism faces delayed bookings and lower airfares as warm weather across Europe, Russia, and Kazakhstan pushes travellers to postpone winter trips, though overall demand remains expected for later.

India’s stainless steel market remains firm, with 300-series prices elevated amid global market uncertainty, currency pressure and Middle East geopolitical risks. Demand for 200-series grades is improving due to limited imported material availability, while 400-series products are also seeing stronger interest. Near-term prices are expected to remain elevated, although cheaper Chinese material could limit gains in the 200 series.

Bengaluru postal insurance services, including PLI and RPLI, will be disrupted from October 22 to 25 due to a software upgrade, with normal operations resuming on October 26.