HPCL, BPCL, IOCL gain on fall in global oil prices

In past six months, OMC has underperformed the market by falling in the range of 14% to 26% as compared to 6% rise in the S&P BSE Sensex.

Shares of oil marketing companies (OMCs) like Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) were trading higher by up to 6% in otherwise subdued market after Brent crude prices fell in the international market.

At 11:39 am; HPCL (up 6% at Rs 323), IOCL (5% at Rs 176) and BPCL (3% at Rs 424) were up in the range of 3% to 6% on the BSE, as compared to 0.07% decline in the S&P BSE Sensex.

Shares of aviation companies such as SpiceJet (up 3% at Rs 115), Jet Airways (2% at