Markets@11: Markets volatile after weak opening

The market, which opened lower, dropped further before staging a recovery, eventually turning volatile.

Crude oil prices fell, causing ONGC and Oil India shares to decline by up to 4%. In contrast, oil marketing companies gained due to the same reason.

Ramco Systems shares surged by 10% following the launch of a new version of its aircraft management software.

Goa Carbon Ltd shares rose by 5% after the restart of operations at its Goa plant.

Tata Motors shares dropped nearly 5% after UBS, a foreign investment bank, issued a sell recommendation. UBS estimated that JLR's profits would decrease, leading to a potential 20% drop in Tata Motors shares.

Suzlon Energy shares continued their upward trend, gaining 5% today. The stock has soared by 112% so far this year.

The rupee saw a nominal rise this morning, with the dollar opening 1 paisa lower at ₹83.97.

Gold is priced at $2,519 in global markets, while in Kerala, it rose by ₹280 to ₹53,720 per sovereign.

Crude oil prices continue to drop, with Brent crude at $69.57, marking the first time in three years that Brent has fallen below $70. This decline is attributed to reduced demand from China.

(By arrangement with livemint.com)