OMC Shares Surge: HPCL Jumps 4% as Crude Oil Softens, BPCL and IOC Also Gain

• Shares of Oil Marketing Companies (OMCs) HPCL, BPCL, and IOC saw significant gains on Friday in the Indian stock market.
• HPCL shares surged nearly 4% to ₹456.50, breaking a two-day losing streak, while BPCL gained over 3% and IOC rose 2%.
• The rally was driven by a global decline in crude oil prices and de-escalation of US-Iran tensions, easing supply disruption fears.
• Brent Crude prices fell to $63.72 per barrel following US President Donald Trump's indication of postponing military action against Iran.
• Analysts expect strong Q3 financial results for OMCs due to lower crude prices and stable retail fuel prices, boosting profit margins.

Why It Matters: OMC shares rallied significantly due to falling crude oil prices and easing geopolitical tensions, boosting profit outlook.