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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.
BPCL, HPCL shares jump over 4%; Asian Paints, IndiGo rally as crude falls below $95, lifts oil-sensitive stocks
Stocks across oil marketing companies (OMCs), aviation, paint and tyre segments were trading firmly higher, as Brent crude slipped below the $95 per barrel mark after declining for a second straight session.
BPCL, HPCL, IndiGo slide up to 4% as crude oil jumps after US strikes Iran; OMCs, aviation, paint stocks fall
Crude-sensitive shares fell on Wednesday due to rising oil prices after US airstrikes in Middle East. BPCL, HPCL, IndiGo, Asian Paints saw share declines.
BPCL, HPCL, IndiGo, Asian Paints fall up to 4% as Brent crude tops $76
Among OMCs, BPCL dropped 3.87% to Rs 301.80, while HPCL declined 4.13% to Rs 389.20.
IOC, BPCL, HPCL stocks in focus as PL Capital sees 'washout quarter' for OMCs
PL Capital expects IOC, BPCL and HPCL to report losses of Rs 185.7 billion, Rs 124 billion and Rs 125.5 billion, respectively