Stock Market Today: The Nifty Oil & Gas index gained more than 1% during the morning trades on Tuesday as crude oil tumbled following the news flow on the Israel-Iran ceasefire. BPCL, HPCL, IOC share price led the gains as these stocks gained 4%.
Brent crude oil price movement
The Brent crude oil that had been rising and inching closer to $75 a barrel following the Israel-Iran war, however, cooled down post news flow around the Israel-Iran ceasefire. The Brent crude price declined to sub-$70a barrel levels
