OMC Shares Climb 3.5% as Crude Oil Prices Decline; HPCL, IOC, BPCL Spearhead Gains

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OMC Stocks Surge Up To 3.5% As Crude Prices Ease; HPCL, IOC, BPCL Lead Rally

OMC Stocks

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News18•20-03-2026, 12:44

OMC Stocks Surge Up To 3.5% As Crude Prices Ease; HPCL, IOC, BPCL Lead Rally

•Oil marketing companies (OMCs) and other oil & gas stocks gained up to 3.5% on Friday.
•Softer crude prices and a broader market recovery lifted sentiment across the energy space.
•HPCL, IOC, and BPCL led the rally, with HPCL gaining over 3.4%.
•Nifty Oil & Gas and Nifty Energy indices outperformed the broader market.
•Crude oil prices cooled to around $105 per barrel, easing from recent highs near $119, supporting OMC margins.

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