Brent crude falls 3.3% as BPCL gains 2.14% and crude-sensitive stocks advance

Brent crude futures declined 3.3% on Monday to $109.67 a barrel. Stock of five crude sensitive companies rose during the session. Stock of BPCL, HPCL, Asian Paints, InterGlobe Aviation and SpiceJet rose during the session. The oil price declined below $110 a barrel. The stock of BPCL rose the most.

Brent crude falls 3.3% to $109.67 a barrel

Brent crude futures down 3.3% at $109.67 a barrel after US President Donald Trump said he wanted to give time to diplomacy with Iran before resuming strikes after Tuesday’s US midterm elections.

BPCL gains 2.14% to ₹291

At 10:25 AM IST, NSE data showed Bharat Petroleum Corporation shares at ₹291, a rise of 2.14% in morning trade.

HPCL gains 2.04% to ₹347.50

NSE data shows shares of Hindustan Petroleum Corporation are quoted at ₹347.50 at 10:25 AM IST as they trade up 2.04% on the day.

Asian Paints advances 2.02% to ₹2,366.90

Asian Paints’ share price is currently trading at ₹2,366.90 in the morning trading session. It is trading up 2.02% at 10:25 AM IST.

IndiGo operator gains 1.4% to ₹4,946

InterGlobe Aviation shares stood at ₹4,946 at 10:25 AM IST after rising 1.4%. Nomura reported that IndiGo's Q2 FY27 passenger revenue rose 29% year on year, with passenger revenue per available seat kilometre increasing 31%. The figures covered passenger revenue and revenue generated for each available seat kilometre during the quarter.

Nomura also reported that available seat kilometres declined 1% in the same period. Available seat kilometres measure the capacity offered through the seats available for passengers over the distance flown.

SpiceJet gains 1.87% to ₹7.63

The stock of SpiceJet is currently trading at ₹7.63 at 10:25 AM IST, up 1.87% from its previous close.

Lower crude costs affect oil, aviation and paint companies differently
Stated market – as crude falls, oil marketing companies’ input costs fall, e.g. BPCL, HPCL. Aviation turbine fuel is a major operating expense for aviation companies such as InterGlobe Aviation, SpiceJet.

The same explanation said that lower crude oil prices would ease input cost pressure on the paint manufacturers like Asian Paints.