Crude Price Fall Lifts Oil-Sensitive Stocks
Oil-sensitive stocks surged on June 12 as global crude oil prices dropped sharply. IndiGo gained over 3%, while HPCL and BPCL rose 3-4%, and tyre stocks advanced up to 3% on expectations of lower input costs and improved margins. The rally boosted broader markets, with the Sensex jumping nearly 1,000 points and the Nifty reclaiming 23,400. $INDIGO
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