Market News Today

Steel prices in India remained under pressure during June as weak construction activity, cautious buying, and rising inventories weighed on market sentiment. Long steel products witnessed sharper declines, while flat steel prices remained relatively stable due to export support, firm coking coal costs, and limited import competitiveness.

Ahmedabad's redevelopment strategy, combining land-use reforms and replacing ageing buildings, could unlock over half a million new homes. This approach addresses housing demand, improves safety, and promotes efficient urban growth, despite challenges like vacant inventory and procedural hurdles.

Ahmedabad property prices are set to increase from July due to rising construction costs, supply chain issues, and labor shortages. This adjustment will impact new and ongoing projects, affecting buyer affordability.

Ahmedabad's Southern Corridor sees new housing growth, attracting ₹180 crore investment in plotted projects. Expanding infrastructure and changing buyer preferences drive demand for low-density living, reshaping the city's real estate landscape.

Bitumen prices in India remained firm during June 2026 as supply concerns linked to the Strait of Hormuz disruptions and rising logistics costs supported market sentiment. Government interventions, contractor compensation measures, and continued infrastructure activity are keeping demand resilient despite procurement challenges and elevated bitumen prices across major regions.

Toluene prices in India softened during May and early June 2026, tracking weaker Asian market sentiment, declining China prices, and comfortable supply availability. Demand from paints, coatings, solvents, and fuel blending remained cautious, while buyers preferred need-based procurement. Near-term market sentiment remains stable to slightly bearish.

Delhi NCR deploys over 200 battery-swappable electric two-wheelers for last-mile logistics. This expansion addresses quick-commerce demand, cuts fuel costs, and aids urban decarbonization, despite infrastructure challenges.

Delhi-NCR's vehicle replacement push gains momentum as Ashok Leyland and Switch Mobility become the first OEMs to join. This aims to modernize ageing fleets, reduce pollution, and boost cleaner mobility, crucial for urban air quality and economic activity.

NCR Planning Board reviews proposal to reduce metropolitan zone to a 100-km radius from central Delhi, down from 175 km across 24 districts. This Draft Regional Plan 2041 aims to reshape urban planning, infrastructure, and governance.

Hyderabad's Corridor Project requires temporarily dismantling a section of the Uppal Skywalk, operational since 2023, to build an elevated road. This aims to improve traffic flow, causing temporary pedestrian disruption for months before long-term benefits.