 "IOC, HPCL gain following slump in crude prices")
State-owned oil companies including HPCL, BPCL and IOC rally as crude prices continue to slump to $95.79 per barrel down 25.21 percent since its 2012 high on 1 March.
[caption id=“attachment_349073” align=“alignleft” width=“380” caption=“Traders to bet on them as one of the domestic sectors to outperform during a period of uncertainty. Reuters”]  [/caption]
Traders to bet on them as one of the domestic sectors to outperform during a period of uncertainty. Oil refiners Hindustan Petroleum Corporation surged 6.2 percent, Bharat Petroleum Corporation advanced 2.5 percent, while IOC rallied 3.4 percent on BSE
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