Market News Today

A nearly 5-kilometre tunnel on the Delhi Mumbai Expressway in Rajasthan's Mukundra hills begins trial operations this month. It will reduce congestion, shorten travel times, and stabilize freight, boosting connectivity and development in Delhi NCR.

Hanwha Solutions' chemical unit returned to Q1 profit with 25% sales growth. The company anticipates continued profit expansion due to improved market conditions and stable demand across chemical segments.

Tata Chemicals reported a deeper Q4 FY26 loss due to goodwill impairment in its US business, a deferred tax asset write-off, and weak global soda ash prices amid oversupply, impacting profitability.

Meghmani Organics received Ministry of Agriculture approval to produce nano fertilizers (DAP, NPK, zinc) at its Sanand facility. Production by Meghmani Crop Nutrition starts in the upcoming Kharif season, using existing infrastructure.

Deepak Nitrite and Praxair India partnered to establish an on-site HyCO plant at Dahej. This supports Deepak Nitrite's upcoming polycarbonate manufacturing, strengthening downstream expansion and enhancing high-value chemical production efficiency.

Ethylene prices in Asia sharply declined by USD 40/mt, with CFR South East Asia at USD 1305-1315/mt and CFR North East Asia at USD 1275-1285/mt. This fall was driven by plunging naphtha values and weak downstream demand.

Copper prices in India remain firm, supported by strong demand and global cues, despite rising domestic production. New capacity additions are boosting supply, but heavy reliance on imported raw materials continues to create volatility. With strong demand from infrastructure and EV sectors, the market outlook stays positive but cautiously dependent on global supply conditions.

Coal India Limited commissioned a 100 MW solar power plant in Bhadramali, Gujarat. Operational since March 31, 2026, and certified May 4, 2026, this marks a significant step in CIL's renewable energy expansion and India's sustainable power goals.

India's EV penetration climbed in April, with 3-wheelers at 60.38%, PVs at 5.77%, and 2-wheelers at 7.76%. Overall auto retail sales hit a record 2.61 million units, up 12.94% year-on-year, showing strong market growth.

Adani Electricity and BMC illuminated a 2.5-km Gorai Beach stretch, ending three years of darkness. The project installed 90 poles with custom engineering, enhancing safety, accessibility, and evening footfall for the community.