Indian paintmakers gain on crude slip

Kansai Nerolac Paints

11/09/2024 10:03

** Shares of Asian Paints  ASPN.NS  gain 2.2%, Berger Paints
India  BRGR.NS  rise 2.3% 
    ** Smaller peer Kansai Nerolac  KANE.NS  up 1%, while Akzo
Nobel India  AKZO.NS  is flat 
    ** Brent crude futures  LCOc1  fell below $70 for the first
time in three years before recovering to $70.3 levels  O/R 
    ** Crude prices make up for roughly one-third of
paintmakers' spends; dip in crude will pull down total costs
    

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))