New Delhi, June 15 -- Shares of oil marketing companies (OMCs) rallied up to 5% on Monday, 15 June, amid easing crude oil prices following the announcement of a peace deal between the US and Iran.

The three state-run OMCs-Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil Corporation Ltd (IOC)-extended their winning streak to a second consecutive session, reacting positively to a sharp decline in crude oil prices. The rally also helped the stocks recover a portion of their recent losses.

HPCL shares jumped as much as 5.5% to Rs.410 apiece, while BPCL gained 4.8% to Rs.316.75 and IOC advanced 5.4%.

Extending their losing streak for a second straight session, crude oil prices fell to multi...