The government’s release of the draft National Steel Policy Vision 2047 has put Tata Steel, JSW Steel, SAIL, Jindal Steel and NMDC on the radar of investors and market watchers. The policy, aimed at boosting crude steel production capacity to 604 million tonnes, per‑capita steel consumption to 302 kg and steel exports to 45 million tonnes by 2047, is now open for stakeholder consultation. The policy also seeks to strengthen domestic raw‑material security, reduce import dependence and increase the share of high‑value steel in the country’s output, potentially supporting long‑term growth prospects for steelmakers and iron ore miners, although the impact will depend on policy implementation and demand conditions.

The domestic stock market is expected to open higher on Monday, October 12, with GIFT NIFTY futures indicating that the NIFTY50 index will open 11 points higher. In addition to the steel sector, earnings announcements are slated for up to 18 companies today, including HCL Technologies, ICICI Prudential Asset Management Company, RBL Bank, Swaraj Engines, Agri‑Tech (India) and Adroit Industries (India). These earnings releases are likely to influence market sentiment and trading volumes across the index.

Brigade Enterprises, a leading real‑estate firm, has projected 21% growth in pre‑sales this fiscal to ₹9,000 crore, driven by strong demand for mid‑income and premium homes. Managing Director Pavitra Shankar highlighted robust sales in large township projects and expressed confidence in meeting the annual guidance if project approvals are timely. The company’s 40‑year track record of developing over 300 projects underpins its market position and growth expectations.

PNB Housing Finance’s MD and CEO Ajai Shukla noted that the Reserve Bank’s 25 basis‑point rate hike to 5.5% could marginally improve the lender’s net interest margin. Shukla explained that the benefit would be reflected across various funding sources, including MCLR, commercial paper, refinance from the National Housing Bank and non‑convertible debentures, as borrowing costs rise to contain inflation triggered by the West Asia crisis.

Adani Defence & Aerospace received the Society of Indian Defence Manufacturers’ Champion Award 2026 for Export Performance in Defence and Aerospace, presented by Defence Minister Rajnath Singh at SIDM’s eighth annual session on October 9. The award, part of a broader recognition of 15 achievements in indigenous technology development, product innovation, design, import substitution, manufacturing excellence and exports, underscores the company’s expanding presence in global defence markets.

Avenue Supermarts Ltd, operating the DMart retail chain, reported an 8.5% rise in consolidated net profit to ₹742.98 crore for the September quarter, up from ₹684.85 crore a year earlier. Revenue from operations increased 17.8% to ₹19,644 crore, while total expenses rose 18.3% to ₹18,632.70 crore. The company’s PAT margin stood at 3.8% in Q2FY27, slightly lower than 4.1% in Q2FY26, reflecting tighter cost pressures amid a competitive retail environment.