Market News Today

TMT rebar prices in India extended their decline in early July, weighed down by weak construction demand, ample inventories, and the seasonal impact of the monsoon. While steel mills continue to face pricing pressure, expectations of stronger infrastructure activity after the rains could help stabilize prices in the coming months.

Aluminium and copper prices rebounded as a weaker US dollar, easing interest rate concerns, and tightening inventories improved market sentiment. While recent corrections have weighed on prices, supply deficits, resilient industrial demand, and continued Chinese restocking are expected to support both aluminium and copper prices in India during the second half of 2026.

Gurugram plans >₹100 crore investment across six road infrastructure packages in sectors like 102-111. Projects aim to boost urban connectivity, improve mobility, and integrate green corridors and rainwater harvesting systems.

Gurugram's Ganga Vihar and Sahib Kunj face severe civic issues. Over a thousand households suffer from waterlogging, poor roads, inadequate lighting, and traffic congestion, highlighting a gap between urban growth and essential services.

Pune is re-evaluating its four-decade-old High Capacity Mass Transit Route (HCMTR) proposal. Amid rising congestion and urban expansion, authorities seek an international consultant to update the plan for integrated, sustainable mobility, addressing land acquisition challenges.

Pune recorded over 21,000 EV registrations in H1 2026, driven by global fuel volatility, improved charging infrastructure, and lower operating costs. This signals a significant shift in urban mobility.

Maharashtra intensified fertiliser monitoring in Pune, suspending 107 dealer licenses and filing 7 police cases to prevent black marketing and hoarding. This safeguards farmer access and agricultural productivity ahead of the kharif season.

A landslide in Pune's Maval taluka damaged one house, triggering a search for trapped family members. Relentless monsoon rainfall caused the incident, highlighting vulnerability and the need for climate-responsive planning and improved disaster response systems.

Jindal Stainless cut prices effective July 6, 2026: 304/304L by ₹5/kg, 316/316L by ₹7/kg, and 430 by ₹3/kg. 200 series prices remain unchanged.

Intense monsoon rainfall caused multiple landslides, disrupting Pune-Mumbai rail services in Bhor Ghat. This affected mobility and logistics, underscoring the urgent need for climate-resilient transport infrastructure to protect vital corridors.