IOC, HPCL, BPCL top gainers on Nifty; rally up to 6% as oil prices tank
Shares of Hindustan Petroleum Corp and Indian Oil Corp gained 6.56 per cent to Rs 281.70 and 4.76 per cent to Rs 165, respectively on the NSE. Bharat Petroleum Corporation added 3.47 per cent to Rs 395.50. HPCL, IOC and BPCL were the top gainers on the Nifty index.
Falling global oil prices reduce the import bill of oil marketing companies. Image source: Reuters