Oil retailers gain as crude oil slumps

Indian oil marketing companies such as Hindustan Petroleum Corp Ltd gain on hopes a slump in crude prices would lower the cost of under-recoveries.

Hindustan Petroleum Corp gains 4.69%, Bharat Petroleum Corp Ltd is up 5.52%, while India Oil Corp Ltd gains 3.54%.

Brent crude remained under pressure on Monday during Asian trading on data showing China's economic growth unexpectedly slowed.