Market News Today

Copper prices in India and global markets extended gains amid tightening global supply, mine disruptions, and strong demand from AI infrastructure, EVs, and renewable energy sectors. MCX copper futures traded near ₹1,400/kg, while LME copper crossed $14,000/ton. Supply shortages and bullish technical indicators continued supporting positive market sentiment.

An escalator accident at Thiruvananthapuram Central, causing injuries due to overcrowding, has revived demands for expanding train halts at Pettah station. This highlights infrastructure strain and the need for a distributed urban rail network for safety.

Thiruvananthapuram dropped its 100-200 tonnes/day centralised biogas plan due to community resistance. The city now strengthens decentralised waste management, focusing on ward-level composting and household units, aligning with a wider urban shift.

Pune Metro's Swargate-Katraj extension enters a critical phase with segment casting for the elevated corridor. This aims to boost connectivity, reduce congestion for thousands of commuters, and support sustainable urban development in southern Pune.

The Indian flat steel market is demonstrating resilient stability this week. While Hot Rolled Coil (HRC) prices remain anchored by strong domestic automotive demand, secondary products like MS Flats are seeing a slight uptick due to pre-monsoon construction activity. Supply remains robust across major integrated mills, though rising coking coal costs are beginning to squeeze production margins, signaling a potential price floor for the coming weeks.

Hyderabad's heatwave, with temperatures over 41°C, fuels a surge in waterborne illnesses like gastroenteritis, typhoid, and kidney issues, straining healthcare. Infrastructure gaps and climate change worsen public health risks.

Hyderabad launched a refrigerated rail corridor for pharma exports, connecting manufacturing hubs to Nhava Sheva port. This Maersk-CONCOR initiative aims to cut transport emissions by ~3,000 tonnes annually, enhance cold-chain reliability, and boost export predictability.

South Central Railway launched six new express train services expanding Hyderabad-Belagavi rail links. This boosts regional connectivity, economic ties, and mobility across Telangana, Karnataka, and Maharashtra, addressing rising passenger demand and supporting sustainable growth.

Telangana pushes Hyderabad Metro expansion, seeking central approval for Phase II (122.9 km, ₹38,600 crore) and future corridors. This aims to ease congestion, support urban growth, and enhance mobility.

Jammu & Kashmir faces a looming water crisis from prolonged rainfall deficit, threatening agriculture, drinking water, and power. April recorded a 13% deficit, with Shopian at 67%. Experts warn of severe shortages without immediate action.