Markets@11: Turn volatile after week start

The stock markets, which opened lower today, managed to step into positive territory but soon turned volatile. The Bank Nifty, which was in the red earlier in the morning, also shifted into gains.

Sectors such as Realty, FMCG, IT, Healthcare, and Oil & Gas started the day with losses.

MCX shares surged by 4%, following the increase in transaction fees for futures and options trading.

Metal stocks continued their upward trend, benefiting from China's stimulus announcement. Companies like Vedanta, Hindalco, Tata Steel, and JSW Steel saw notable gains.

Delta Corp shares jumped by 8% after the company announced its decision to transfer its hotel and real estate businesses to Delta Penland, a separate entity.

Gillette India shares slumped by 6%, following the termination of its contract with P&G Bangladesh, which had been handling the sales of Gillette products in Bangladesh.

Easy Trip Planners shares tumbled by 7.5% after promoter group member Nishant Pitti sold an 8.5% stake in the company.

The Indian rupee began trading in positive territory today, with the US dollar opening 9 paise lower at ₹83.58, later strengthening to ₹83.53.

Kerala gold price hits Rs 56,480

Gold is trading at $2,662 in the global market. In Kerala, the price of gold for jewellery rose by ₹480 per sovereign, reaching ₹56,480. This marks an increase of ₹3,120 per sovereign this month.

Crude oil prices have stalled and moved lower, with Brent crude falling to $74.91.