Oil Marketing and Paint Stocks Decline as Crude Oil Prices Rise Amid Middle East Conflict

Shares of oil marketing companies such as Hindustan Petroleum, Bharat Petroleum, and Indian Oil Corporation declined following a surge in crude oil prices amid escalating conflict in West Asia. Paint stocks including Indigo Paints and Kansai Nerolac also fell. Brent crude prices rose over 4.6% to $89.36 per barrel. The broader market reflected these tensions, with the BSE Sensex and NSE Nifty dropping by over 1%. The conflict involves recent military actions between the US, Israel, and Iran.