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Asian Paints, Berger Paints extend losses on firm crude oil prices

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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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First Published: Thu, September 30 2021. 14:53 IST
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