US-Iran war: IOC turned the biggest laggard among the OMC stocks, declining over 2%. Other OMC stocks, HPCL and BPCL shares, also witnessed similar downward movement of 1.60% and 1.81% on 29 June.
OMC stocks like IOC, HPCL, and BPCL fell on June 29, with IOC dropping over 2%, due to rising crude oil prices amidst US-Iran war fears. Conversely, upstream oil companies ONGC and Oil India saw gains. This movement reflects the impact of global geopolitical tensions on the…
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