Market News Today

Polymer markets remain weak, with PP and PE demand subdued and PVC facing fresh downside after India’s decision not to impose ADD. RIL announced PVC price protection, while international PVC offers dropped sharply. Imports are set to slow in December, and most polymers appear near bottom levels, encouraging stocking interest.

Mines Minister G Kishan Reddy urged integrating advanced tech, including AI/ML, into geoscience and mineral exploration for India's resource goals and Viksit Bharat by 2047. GSI signed MoUs with IITs for research.

Mahindra targets an 8-fold auto sector revenue increase by FY30, from ₹90,825 crore in FY25. This growth, driven by SUVs, LCVs, and global expansion, includes a million EVs on Indian roads by 2031.

India's core industries saw flat growth in October, with coal down 8.5% and electricity down 7.6%. Petroleum, fertilizer, steel, and cement output increased. Cumulative growth for April-October reached 2.5%.

The 102nd NPG meeting evaluated 3 PM GatiShakti infra projects: a 49.57-km Bihar rail line, a 27.50-km Assam rail line, and a 9.66-km Solapur elevated highway. These aim to boost connectivity, logistics, and economic growth.

Spinny opened three new car parks in Sonipat, Karnal, and Ambala, expanding North India footprint. Offering direct access to inspected used cars, 5-day money-back, 1-3 year warranty, and financing, it combines digital and in-person services for buyers and sellers.

Centre returned Coimbatore/Madurai metro DPRs, citing 2017 policy's 20 lakh population rule. DMK and CM Stalin clash with BJP, accusing politicization. Union Minister Lal defended, noting Chennai Metro Phase-2's Rs 63,246 crore sanction for 119 km.

India's core sector growth hit 0% in October, a 14-month low, down from 3.3% in September. Coal (-8.5%) and electricity (-7.6%) saw major declines, while steel (+6.7%) and fertilizers (+7.4%) showed resilience amid a broad industrial slowdown.

IL&FS completed the ₹6,145-crore sale of Chenani Nashri Tunnelway to Cube Highways, settling ₹5,454 crore debt. This boosts IL&FS's resolved debt to over ₹48,000 crore, nearing its ₹61,000 crore target, providing 98-124% lender recoveries.

India's eight core industries index was flat in October 2025. While fertiliser, steel, cement, and refinery products saw growth, coal, natural gas, crude oil, and electricity output declined, pulling down overall momentum.