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BPCL, HPCL, IOC shares fall up to 2% despite fuel price hike amid US-Iran war: Here's why
The pressure on fuel retailers has been building for weeks
BPCL, Asian Paints, Eternal, other crude-sensitive stocks fall up to 2% as Brent crosses $97
Brent crude rose about 4 percent to $97 per barrel after Iran launched missiles at Israel following Israeli strikes on Beirut, dampening hopes of a near-term resolution to the conflict
Brent hits $107: BPCL, Asian Paints, SpiceJet, other crude-sensitive stocks decline up to 5%
Bharat Petroleum Corporation Ltd slipped 2.26% to Rs 287.80, losing Rs 6.65, while Indian Oil Corporation Ltd dropped 2.00% to Rs 137.56, down Rs 2.81.
CEAT, BPCL, HPCL shares jump up to 4% as crude oil hits 4-month low; OMCs, tyre, airline stocks rally
Shares of oil marketing companies, tyre makers and other crude-linked businesses rallied on July 2 after global crude oil prices fell to a four-month low. CEAT, BPCL, HPCL, IOC, JK Tyre and other stocks gained as easing geopolitical tensions and softer oil prices lifted sentiment.
HPCL, IOC, BPCL decline up to 3%, lead fall in crude-sensitive stocks as oil rebounds on US-Iran tensions
The selling in crude-sensitive stocks such as oil marketing companies, airlines, paints and tyres came after crude oil rebounded sharply following fresh US strikes on Iran and also Tehran's announcement regarding the closure of the Strait of Hormuz.
OMC stocks rally up to 3.5% as crude cools; HPCL, IOC, BPCL lead gains, Reliance jumps over 3%
The Nifty Oil & Gas index outperformed the broader rally, while the Nifty Energy index also gained, reflecting strength across upstream, downstream and gas-linked companies. OMC stocks led the gains, while other oil & gas shares also traded higher.