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Markets6h 25m ago

Indian Oil Marketing Companies (OMC) stocks, including IOC, HPCL, and BPCL, experienced a downward trend, declining by over 2%, 1.60%, and 1.81% respectively, on June 29.

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India

Who
IOC, HPCL, BPCL, ONGC, Oil India
What
Indian Oil Marketing Companies (OMC) stocks, including IOC, HPCL, and BPCL, experienced a downward trend, declining by over 2%, 1.60%, and 1.81% respectively, on June 29.
When
Mon, 29 Jun 2026 00:00:00 GMT · 6h 25m ago
Where
India ·
Why
The decline in OMC stocks is attributed to rising crude oil prices, influenced by US-Iran tensions.
The Frontline Impact

How this affects you

The rising crude oil prices have negatively impacted the stock performance of major Indian Oil Marketing Companies. Conversely, ONGC and Oil India stocks saw gains, indicating a bifurcated market reaction within the energy sector.

Story chain

3 events in this thread
  1. Markets43m ago
    Oil prices climbed after renewed US-Iran hostilities raised concerns over shipping disruptions in the Strait of Hormuz.
    Open article
  2. Markets1h 7m ago
    BPCL shares fell 2.63%, leading a decline in Oil Marketing Company (OMC) stocks, as crude oil prices increased.
    Open article
  3. Currently Reading6h 25m ago
    Indian Oil Marketing Companies (OMC) stocks, including IOC, HPCL, and BPCL, experienced a downward trend, declining by over 2%, 1.60%, and 1.81% respectively, on June 29.

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