IOC, HPCL to BPCL: OMC stocks dip on rising crude oil prices. ONGC, Oil India stocks gain

Escalating US-Iran geopolitical tensions pushed crude oil prices higher, benefiting upstream producers ONGC and Oil India which gained 1.63% to ₹236.90 and 1.16% to ₹411.50 respectively. Conversely, oil marketing companies IOC, HPCL, and BPCL declined between 1.6% and 2% as rising input costs threatened marketing margins.