State-run oil retailers gain on weak crude prices

Reuters Market Eye - Shares of state-run oil marketing companies gain sharply as global crude prices hit multi-year lows.

Traders say fall in global crude prices could help them improve margins.

Brent crude drops further below $83 a barrel, stretching losses into a fifth session.

Indian Oil Corp gains 2.2 percent, Hindustan Petroleum Corp adds 2.4 percent and Bharat Petroleum Corp is up 1.9 percent.

(Reporting by Indulal PM)