Market News Today

Karnataka's Yuva Nidhi scheme has disbursed Rs 47.7 crore to 17,790 unemployed graduates and diploma holders in Mysuru, while monthly verification drives removed thousands of ineligible claimants.

The Rs 272-crore project to restore the 45-km Chikkamagaluru–NR Pura road is delayed as the Karnataka Forest Department awaits clearance for a survey through the Bhadra wildlife zone.

Police seized a truck, recovered 10 cubic metres of sand worth Rs 25,000, and arrested the driver in Curtorim, amid rising local concerns over illegal river sand mining and enforcement gaps.

China's average imported iron ore margin turned negative, dropping from 2.19 yuan/mt to -3.09 yuan/mt, driven primarily by declining port spot prices in the latest period.

State-owned NMDC reported an 18% year-on-year increase in October iron ore production to 5.04 million tonnes, while sales declined over 11% to 3.44 million tonnes due to rain impact.

European wholesale natural gas prices increased due to geopolitical uncertainty following the U.S. midterm elections and an unresolved diplomatic stalemate concerning the Strait of Hormuz.

EIA data shows crude oil inventories decreased by 0.865 million barrels, falling short of the forecasted 1.700 million decline, indicating lower-than-projected market demand.

India is advancing policy reforms to attract greater foreign direct investment and deepen international collaboration across its oil and gas sector, aiming to make the industry more investor-friendly.

The Gujarat Congress has demanded a uniform state gas pricing policy and measurement standards, highlighting price variations up to ?126 for piped natural gas across different cities and suppliers.

Ahmedabad proposed stricter demolition rules requiring a 7-day notice, safety nets, dust control, and debris management. The policy categorizes sites by scale, mandating waste reuse and technical supervision to ensure safety.