Market News Today

Mumbai CM will inaugurate the 33.5-km Aqua Line-3 metro extension from BKC to Worli on May 9, cutting Aarey-Worli travel time to 39 minutes.

Indian developers rush to complete projects before monsoon to avoid delays, meet deadlines, and satisfy buyers. Mumbai saw 13,080 property registrations in April 2025, a 13-year high.

Pune Ring Road realignment saves Rs 8,000 crore by optimizing the route, integrating advanced technologies, and leveraging innovative funding.

Amidst Indo-Pak tensions and airport closures, Indian Railways launched special trains between Jammu and Delhi. Train 04612 and a Vande Bharat Express will operate to ensure passenger movement.

The shares of the Indian Castings, Forgings & Fasteners sector stocks have hit a 10 percent upper circuit from the previous closing price. The company's financial results show robust Revenue growth of  35 percent Y-O-Y, and the Net profits up by 118 percent 

India approves ₹10,000 crore for Uttarakhand's green road projects, including elevated corridors, bypasses, and a Kedarnath ropeway. ₹6,164 crore allocated for 26 km elevated corridors along Bindal and Rispana rivers.

Venus Pipes & Tubes said that it has received LOI from one of India's leading integrated power plant equipment manufacturers for supplying stainless steel seamless boiler tubes worth Rs 190 crore.

Base prices for 100x50 channels remain firm, with primary market rates ranging from Rs 54,200/MT in Durgapur to Rs 58,400/MT in Chennai. Primary mills, backed by strong infra demand and rising input costs, may raise prices mid-May. EPC contracts finalized for Q2 are driving demand for heavy sections like ISMB 500+ and WPBs, with regional shortages emerging.

India promotes biofuels to boost farmer incomes, cut pollution, and reduce fossil fuel imports by converting agricultural waste into energy. The initiative aims to achieve a 20% ethanol blend in petrol by 2025, saving approximately US$4 billion.

TMT prices have declined across key regions as distributors respond to weak demand. Market sentiment remains cautious, with further adjustments likely if inquiries don’t improve. Supply remains stable, but sustained low demand could lead to additional price cuts in the coming week.