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HPCL, BPCL, IOC tank up to 7.6%

Press Trust of India  |  New Delhi 

Shares of HPCL, BPCL and IOC reeled under pressure today, tumbling up to 7.6 per cent amid concerns over spike in global

Corporation scrip plunged 7.57 per cent, Corporation 7.42 per cent and 6.41 per cent on BSE.

The BSE 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.

"Adding to investors' woes was a sudden spike in global which crossed the USD 70 a barrel mark," said Abhijeet Dey, Manager Equities,

"Market extended a range bound movement due to subdued trade in global market owing to concern on US military strike on Consequently, crude price surged while domestic 10 year yield rose adding risk to widening current account deficit," said Vinod Nair, Head of Research,

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 17:55 IST