New Delhi, March 2 -- The shares of oil marketing companies (OMC) tanked on Monday as the Indian stock market crashed today as the ongoing war in the Middle East led to a sharp spike in crude oil prices.

Indian Oil Corporation (IOC) share price cracked as much as 5.03%, Hindustan Petroleum Corporation Ltd (HPCL) shares declined as much as 5.31% and Bharat Petroleum Corporation Ltd (BPCL) shares fell 6.09%. Reliance Industries share price declined over 3%.

(More to come)

Published by HT Digital Content Services with permission from MINT....