Stock market today, Oct. 23 -- Amid soaring crude oil prices due to supply disruption concerns, Indian OMC stocks have been under selling pressure since morning dealings. BPCL share price today opened lower at Rs.286 per share on the NSE and touched an intraday low of Rs.281.80 per share, logging a decline of around 2%. IOCL share price today corrected over 2.50%, whereas HPCL share price corrected over 2% within a few minutes of the Opening Bell on Friday.

According to stock market experts, OMC stocks are primarily under pressure due to the recent attacks on Saudi Arabia, which have exacerbated the crude oil supply disruption. This has driven Brent crude oil to $114 per barrel, while WTI has crossed the $100 per barrel mark. As this oil...