Oil-Sensitive Stocks Rally on Crude Price Crash

Oil-sensitive stocks surged up to 10% after a sharp fall in global crude prices following the US-Iran ceasefire. Aviation, OMCs, paint and tyre stocks led gains, while broader markets rallied strongly, with Sensex jumping over 2,800 points and Nifty rising more than 3.5% amid easing geopolitical tensions and improved global sentiment.