Crude-sensitive stocks came under significant pressure on Tuesday as Brent crude held firmly above the $100 mark and briefly breached $107 per barrel, keeping energy and transport-linked counters under strain. According to reports from Moneycontrol, state-run oil marketing companies declined sharply in trade, with Bharat Petroleum Corporation Ltd slipping 2.26% to ₹287.80, losing ₹6.65, while Indian Oil Corporation Ltd dropped 2.00% to ₹137.56, down ₹2.81. Hindustan Petroleum Corporation Ltd fell 2.08% to ₹369.95, down ₹7.85.
Aviation stocks remained under pressure amid expectations of higher jet fuel costs, with InterGlobe Aviation, parent company of IndiGo, declining 2.35% to ₹4,198.50, down ₹100.90. As reported by Moneycontrol, SpiceJet fell sharply 4.95% to ₹12.67, reflecting concerns about rising fuel costs impacting airline operations. The sector faced additional pressure from ongoing geopolitical tensions affecting global energy markets.
Paint stocks, which are also sensitive to crude-linked input costs, traded weak during the session. According to Moneycontrol reports, Asian Paints slipped 2.47% to ₹2,502.60, down ₹63.50, while Berger Paints India fell 1.12% to ₹488.30, down ₹5.55. The decline reflects concerns about rising raw material costs affecting the paint industry's margins and profitability.
Brent crude futures rose on Tuesday, climbing above $105 per barrel after US President Donald Trump cast doubt on the durability of a ceasefire with Iran, renewing concerns over tensions in the Middle East. As per Anadolu Agency, international benchmark Brent crude traded at $105.42 per barrel at 9.28 a.m. local time, up around 1.2% from the previous close of $104.21. US benchmark West Texas Intermediate (WTI) increased about 1.4% to $99.47 per barrel, compared with $98.07 in the previous session. The price gains came after Trump said the ceasefire with Iran is on 'massive life support' and called Tehran's response to Washington's latest proposal a 'piece of garbage'.
Brent crude had surged over 4% intraday to around $105.94 per barrel before easing slightly, as tensions in West Asia continued to drive volatility in global oil markets. According to Moneycontrol reports, the sustained pressure on crude prices reflects ongoing geopolitical uncertainties and supply disruption concerns that are keeping energy markets under strain. The price movements highlight the sensitivity of Indian markets to global oil price fluctuations and their impact on various sectors dependent on crude-based inputs.
