June 18, 2018 / 5:20 AM / 3 months ago

BUZZ-Indian oil marketing cos top gainers on NSE index on weaker crude

** Shares of top Indian oil marketing companies lead gains on the NSE index, post biggest intraday percentage gain since May 28

** Hindustan Petroleum Corp Ltd climbs as much as 5.3 pct to a one-month high of 322.50 rupees while Indian Oil Corp Ltd gains as much as 4.9 pct to 175.90 rupees

** Bharat Petroleum Corporation Ltd jumps as much as 3.6 pct at 427 rupees, its highest since April 11

** U.S. oil prices slumped after China threatened duties on American crude imports while international oil prices fell in response to reports that top suppliers Saudi Arabia and Russia would likely increase production

** Up to Friday’s close, HPCL had fallen 26.8 pct and BPCL declined 20.4 pct while IOC lost 13.7 pct this year

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