BPCL, HPCL, IOC, IndiGo & paint stocks gain as crude prices slide below $100 per barrel

Market participants said sustained softness in crude prices could further support profitability across fuel-intensive sectors including aviation, logistics, chemicals and tyres, while also easing broader inflationary pressures.

Shares of oil marketing companies, tyres, chemicals, paint and aviation firms gained traction on Wednesday as crude oil prices fell sharply amid reports of US-led diplomatic efforts to end the conflict involving Iran. Softer crude prices are viewed as a major positive for sectors that rely heavily on petroleum-linked inputs and fuel costs.

Crude prices declined nearly 7 per cent in morning trade, slipping below the $100 per barrel mark. The sharp drop improved sentiment for oil marketing companies as lower crude costs can help reduce under-recoveries and improve marketing margins.

Among oil marketing firms, Hindustan Petroleum Corporation Limited gained 3.6 per cent to ₹348.95 on the NSE from the previous close of ₹336.80. Bharat Petroleum Corporation Limited rose 3 per cent to ₹289.75 compared with ₹282.25 in the previous session, while Indian Oil Corporation Limited advanced 2 per cent to ₹141.69.

Paint companies also witnessed strong buying interest as crude-linked raw material costs are expected to ease. Asian Paints Limited and Berger Paints India Limited climbed nearly 2.5 per cent in early trade on improved cost outlook.

In the aviation space, lower aviation turbine fuel prices boosted investor sentiment. Shares of InterGlobe Aviation Limited, which operates IndiGo, gained more than 2 per cent to ₹4,246.80 on the NSE. SpiceJet gained about 4 per cent on the BSE.

Market participants said sustained softness in crude prices could further support profitability across fuel-intensive sectors including aviation, logistics, chemicals and tyres, while also easing broader inflationary pressures.

Published on March 25, 2026