CEAT, BPCL, HPCL Shares Surge Up to 4% as Crude Oil Hits 4-Month Low

Shares of oil marketing companies (OMCs), tyre manufacturers, and other crude-sensitive stocks rallied sharply on Thursday after global oil prices slumped to their lowest level in four months. $CEATLTD T jumped nearly 4%, while $BPCL L and HPCL gained up to 3.5%. IOC, JK Tyre, and several airline stocks also traded higher, reflecting broad-based buying in the sector. Analysts attributed the rally to easing geopolitical tensions in the Middle East and expectations of softer demand, which pushed Brent crude below key support levels. Lower input costs are expected to boost margins for OMCs and tyre makers, while airlines stand to benefit from reduced ATF expenses. Market sentiment turned positive with traders betting on improved profitability across the oil-to-consumer value chain in the coming quarters.