New Delhi, March 6 Shares of oil marketing companies ended lower on Friday after a day of respite amid rising crude oil prices due to the escalating conflict in the Middle East.
The stock of Hindustan Petroleum Corporation Ltd fell by 3.10 per cent, Bharat Petroleum Corporation Ltd declined by 2.19 per cent, and Indian Oil Corporation dipped by 1.69 per cent on the BSE.
Shares of oil marketing companies rebounded on Thursday after a two-day decline.
Among paint stocks, Indigo Paints dropped by 3.41 per cent, Kansai Nerolac Paints edged lower by 2.75 per cent, Akzo Nobel India (2.43 per cent), and Asian Paints (0.35 per cent).
Brent crude, the global oil benchmark, surged by 4.62 per cent to USD 89.36 per barrel.
In the equity market, the 30-share BSE Sensex tumbled by 1,097 points, or 1.37 per cent, to close at 78,918.90.
The 50-share NSE Nifty dropped by 315.45 points, or 1.27 per cent, to end at 24,450.45.
The United States and Israel launched military strikes on Iran on February 28, killing Ayatollah Ali Khamenei, Iran's supreme leader.
Following the military offensive, Iran has carried out a series of attacks primarily targeting Israeli and American military bases in several Gulf countries, including the UAE, Bahrain, Kuwait, Jordan, and Saudi Arabia.
