Indian paint makers fall as oil price jump risks higher costs
08/07/2026 05:48
BUZZ-Indian paint makers fall as oil price jump risks higher costs ** Shares of Indian paint makers slip between 0.3% and 3.6%
** Indigo Paints INDG.NS falls 3.6% and Asian Paints ASPN.NS down 2.2%
** Kansai Nerolac Paints KANE.NS, JSW Dulux JSWD.NS, and Berger Paints BRGR.NS fall 1.3%, 0.8%, and 0.3%, respectively
** A major part of paint production costs stem from crude oil-based raw materials
** Oil prices rose after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again
** Brent Crude futures LCOc1 climb 2.7% to $76.16 as of 10:03 a.m. IST
(Reporting by Vijay Malkar)
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