Oil Marketing Stocks Soar As Crude Plunges Below $100 On US-Iran Ceasefire, HPCL Jumps 9%, BPCL 8.83%

Shares of oil marketing companies rallied sharply on Wednesday after crude oil prices tumbled. HPCL surged 9 percent to Rs 361. 35, BPCL jumped 8. 83 percent to Rs 301. 90, and Indian Oil rose 8. 21 percent to Rs 145. 55. Brent crude dropped 14.

03 percent to 93. 87 dollars per barrel. The BSE Sensex gained 4 percent or 2,988. 82 points to 77,605. 40, while Nifty climbed 3. 85 percent to 24,014.