New Delhi, Nov. 26 -- Shares of oil marketing companies (OMCs), including BPCL, HPCL, and IOCL, rallied up to 3% on Wednesday, November 26. HPCL's share price jumped as much as 2.6% to Rs.466.80 apiece, while BPCL rallied 3% to Rs.365.85 and IOC gained as much as 1.2%.

The three state-run OMCs-Hindustan Petroleum Corporation Ltd, Bharat Petroleum Corporation Ltd, and Indian Oil Corporation Ltd-saw a sharp movement in their share prices, rebounding from the recent weakness as the drop in global crude prices brought sentiment back to these counters, which were also on track to extend their yearly return to the third consecutive year in 2025.

Brent crude futures dropped to $61 per barrel in Tuesday's session, marking the lowest level in a ...