Market News Today

Kolkata is launching infrastructure projects worth nearly 18,680 crore to upgrade highways, railways, and ports across eastern India, boosting regional connectivity, logistics, and economic growth.

India's steel market remained stable with improving sentiment as project demand strengthened and mill order books expanded. Rebar prices moved higher, HRC prices stabilized, and raw material costs remained firm. Planned maintenance shutdowns, healthy exports, and tightening inventories are expected to support steel prices across India in the coming weeks.

Aluminium prices face a consolidation phase as MCX futures ease to ₹341.9/kg following temporary U.S.-Iran de-escalation. Despite tight physical supply, falling LME inventories, and a 2.70% surge in raw alumina costs, seasonal downstream weakness in China and U.S. Fed interest rate uncertainty continue to cap upward momentum.

Polymer prices in India moved higher as Reliance Industries, MRPL, Nayara Energy, and IVL Dhunseri announced fresh price hikes effective 27 July 2026. Rising crude oil prices, Middle East supply concerns, tighter import availability, and firm international offers supported the market, while buyers remained cautious amid easing geopolitical tensions.

Bengaluru plans to invite construction tenders in August for the Business Corridor, targeting completion within three years to boost regional connectivity, logistics, and economic growth.

Four elevated stations on Bengaluru Metro's Pink Line will feature dedicated two-wheeler parking to enhance first- and last-mile connectivity, boost public transport usage, and reduce traffic congestion.

The development authority has revised residential site prices in a major layout ahead of phased allotments, impacting housing affordability, land valuations, and urban expansion costs across the metropolitan region.

The Greater Bengaluru Authority notified a revised fee structure for building plan approvals to streamline development permissions, standardise charges, and support efficient management of urban growth.

Night-time traffic restrictions are announced on the Peenya Flyover for scheduled maintenance and infrastructure repairs, aiming to ensure commuter safety and preserve the key transport corridor in north-west Bengaluru.

Kempegowda International Airport will introduce parallel departures from its two runways starting in September, aiming to increase flight handling capacity, reduce delays, and improve operational efficiency.