Asian Paints and Berger Paints India declined for the four straight session amid rising crude oil prices.Asian Paints was down 2.36% at Rs 3243.65. The stock fallen 5.81% in four consecutive sessions.
Berger Paints India was down 1.22% at Rs 807.05. The stock fallen 3.95% in four consecutive sessions.
In the commodities market, Brent crude for November 2021 settlement rose 36 cents or 0.46% to $78.45 a barrel. The contract has risen 7.48% so far in September 2021.
Higher crude oil increases input costs for paint companies, which use crude derivatives.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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