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The Economic Times
The Economic Times
Business
Veer Sharma

BPCL, HPCL and IOC shares soar up to 6%. Here are two big triggers

Oil United States Donald Trump Iran Strait of Hormuz Hormuz Saudi Aramco

Shares of Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation (IOC), and Bharat Petroleum Corporation Limited (BPCL) traded higher on Monday after crude oil prices hit a two-week low amid signs of progress in US-Iran peace talks.

IOC shares rose 4% to their day's high of Rs 145, while HPCL surged 6% to Rs 412.55 on the BSE. BPCL advanced over 4.5% to hit an intraday high of Rs 309 per share.

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