Mumbai/IBNS, June 17 -- Shares of India's state-run oil marketing companies rallied on Wednesday as crude oil prices declined following the easing of geopolitical tensions after the US-Iran peace deal, media reports said.

Investor Sentiment Gets a Boost

Investors turned optimistic as the agreement between the United States and Iran reduced concerns over potential disruptions in global oil supplies.

IOC, BPCL and HPCL Gain in Early Trade

Shares of Indian Oil Corporation Ltd. (IOC), Bharat Petroleum Corporation Ltd. (BPCL) and Hindustan Petroleum Corporation Ltd. (HPCL) advanced in early trading as investors bet on improved margins amid lower crude prices.

On the NSE, HPCL emerged as the top gainer among the three, rising 2.17 percent....