OMCs, banks slump as US military kills top Iranian military commander

Brent Crude Futures surged over 3 per cent to trade at $68.25 per barrel-mark. The West Texas Intermediate, too, gained 2.71 per cent to $62.84 per barrel.

Shares of oil-related companies, including Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), Asian Paints, Berger Paints, and financial counters were under pressure on Friday after US military killed Iranian Revolutionary Guard's commander Qasem Soleimani on orders by US Preseident Donald Trump. The air-strike, which also killed the deputy chief of Iraq's powerful Hashed al-Shaabi paramilitary force, has flared up tensions in the middle-east region. 

"General Soleimani was actively developing plans to attack American diplomats and service members in Iraq and throughout the region. General Soleimani and his Quds Force were responsible for the deaths of hundreds of American and