livemint_marketsabout 2 hours ago
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Published on the original source: 8 Apr 2026, 9:38 AM IST
IOC, BPCL to HPCL: OMC stocks jump up to 9% as crude oil prices tank 13% amid US‑Iran ceasefire
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Shares of oil marketing companies surged as crude prices eased, with IOC up 8.2%, HPCL up 9%, and BPCL up 8.8%. The drop in Brent crude prices boosts refiners' margins and alleviates inflation concerns, improving sentiment and earnings outlook for these firms.
What happened
Shares of oil marketing companies surged as crude prices eased, with IOC up 8.2%, HPCL up 9%, and BPCL up 8.8%. The drop in Brent crude prices boosts refiners' margins and alleviates inflation concerns, improving sentiment and earnings outlook for these firms.
Sources and updates
Original source: livemint_markets
Original publish time: 8 Apr 2026, 9:38 AM IST
Last updated in Anadi News: 8 Apr 2026, 9:44 AM IST
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