Indian oil marketing companies rise after US, Iran pause fighting over weekend

Hindustan Petroleum

27/07/2026 07:27

** Shares of Indian OMCs rise between 1.8% and 2.8%
** HPCL HPCL.NS leads pack, rises 2.8% to 391.9 rupees
** BPCL BPCL.NS climbs 2.2% to 317 rupees, shares of IOC IOC.NS up 1.8% at 141 rupees
** The U.S. and Iran pause strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz
** Brent futures LCOc1 fall 5.5% to $91.45, as of 11:48 a.m. IST,
** Higher oil prices tend to reduce operating margins for oil marketing companies
** Nifty Oil and Gas .NIFOILGAS index up 0.3%
     
     

 (Reporting by Mridula Kumar in Bengaluru)
 ((Mridula.Kumar@thomsonreuters.com;))