Crude Awakening: Market Reaction to Rising Brent Prices Amid Middle East Tensions

Shares of oil-sensitive sectors like oil marketing, aviation, and paints saw declines due to a spike in Brent crude oil prices amid escalating tensions between Israel and Iran. The BSE Sensex and NSE Nifty also dipped, impacted by the potential threat to earnings growth due to India's oil import reliance.

Devdiscourse News Desk | New Delhi | Updated: 17-06-2025 17:28 IST | Created: 17-06-2025 17:28 IST

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Shares of sectors sensitive to crude oil, including oil marketing, aviation, paints, and adhesives, saw a decline on Tuesday following a rise in Brent crude oil prices amid the ongoing Israel-Iran conflict.

Bharat Petroleum, Hindustan Petroleum, and Indian Oil shares all registered losses on the BSE, while aviation giants InterGlobe Aviation and SpiceJet also faced declines. Paint companies were not spared, as shares of Indigo Paints, Berger Paints, and Akzo Nobel India all dropped in value.

Brent crude surged 2.08% to USD 74.70 per barrel. Analyst Satish Chandra Aluri noted the stock market's decline as tensions in the Middle East threatened earnings growth for oil-reliant India. The BSE Sensex fell by 212.85 points and the NSE Nifty dropped by 93.10 points, reflecting increased uncertainty ahead of the FOMC meeting.

(With inputs from agencies.)