Stock Market Today, July 2 -- NMDC share price declined in the intraday trades on Wednesday. The weakness in the stock is led by declining prices, as NMDC announced domestic price cuts even though provisional volume numbers reported by NMDC showed decent production and sales growth in Q1.

NMDC on 1 July 2025 announced more than a 9% cut for prices of its produce for the month of July 2025. As per the NMDC release, Baila Lump (65.5%, 10-40mm) iron ore has been set by the company at Rs.5,700 per ton, marking a decline from the Rs.6,300 per ton it had set for the month of June 2025. The Baila Fines (64%, -10 mm) iron ore prices have been set at Rs.4,850/- per ton, lower than Rs.52,350 per ton in June 2025.

The international iron ore prices...