Shares of HPCL, BPCL and IOC reeled under pressure today, tumbling up to 7.6 per cent amid concerns over spike in global crude oil prices.
The BSE oil and gas index fell 2.23 per cent to end at 14,715.87.
There were concerns as the brent crude prices went past USD 70 a barrel.
"Market extended a range bound movement due to subdued trade in global market owing to concern on US military strike on Syria. Consequently, crude price surged while domestic 10 year yield rose adding risk to widening current account deficit," said Vinod Nair, Head of Research, Geojit Financial Services.
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