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OMCs shares surge; HPCL zooms nearly 15% on easing crude prices

The scrip of Hindustan Petroleum Corporation zoomed 14.70 per cent, Indian Oil Corporation 5.39 per cent and Bharat Petroleum Corporation Limited gained 5.11 per cent on the BSE.

PTI PTI
New Delhi Published on: October 11, 2018 19:54 IST
Scrip of Hindustan Petroleum Corporation zoomed 14.70 per

Scrip of Hindustan Petroleum Corporation zoomed 14.70 per cent

Shares of oil marketing companies were in high demand on Thursday, surging up to 15 per cent on falling global crude oil prices.

The scrip of Hindustan Petroleum Corporation zoomed 14.70 per cent, Indian Oil Corporation 5.39 per cent and Bharat Petroleum Corporation Limited gained 5.11 per cent on the BSE.

Brent crude, the international benchmark, fell 1.78 per cent to USD 81.61 per barrel.

Meanwhile, in the broader market, the BSE Sensex slumped 759.74 points, or 2.19 per cent, to end at 34,001.15.

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