Reliance, BPCL to HPCL: Shares of oil marketing companies plunge up to 6% as crude oil prices rise on US-Israel-Iran war
The shares of oil marketing companies (OMC) tanked on Monday as the Indian stock market crashed today as the ongoing war in the Middle East led to a sharp spike in crude oil prices.
Indian Oil Corporation (IOC) share price cracked as much as 5.03%, Hindustan Petroleum Corporation Ltd (HPCL) shares declined as much as 5.31% and Bharat Petroleum Corporation Ltd (BPCL) shares fell 6.09%. Reliance Industries share price declined over 3%.
