US-Iran war, June 29 -- Oil stocks such as ONGC and Oil India gained up to 2%, while shares of oil marketing companies (OMCs), including HPCL, BPCL, and IOC, declined more than 2% during Monday's trading session. The movement came as crude oil prices surged amid escalating geopolitical tensions between the US and Iran.

ONGC share price surged over 1.63% to Rs.236.90 apiece on Monday; meanwhile, Oil India share price gained nearly 1.16% to Rs.411.50.

On the other hand, IOC turned the biggest laggard among the OMC stocks, declining over 2%. Other OMC stocks, HPCL and BPCL shares, also witnessed similar downward movement of 1.60% and 1.81% on 29 June.

The movement in the stocks came after crude oil prices on the international front rose m...