25-Jun-2026 10:59:50
IndiGo, BPCL, HPCL Rally Over 4% as Brent Crude Falls Below Pre-Iran War Levels
Shares of IndiGo, BPCL and HPCL surged over 4% after Brent crude prices slipped to $73, below the levels seen before the Iran conflict, boosting sentiment for crude-sensitive sectors. Lower oil prices are expected to reduce aviation fuel costs for airlines and improve marketing margins for oil retailers. Brent crude fell amid easing geopolitical tensions and improving tanker movement through the Strait of Hormuz. The decline in crude prices also strengthened broader market sentiment, with investors betting on lower inflation and improved corporate profitability.