OMCs drop up to 5% as crude prices plummet
Shares of oil marketing companies (OMCs) such as ONGC, Oil India, Chennai Petroleum Corporation, and GAIL dropped up to 5% on the BSE on Wednesday as crude oil prices continued to decline, reaching their lowest close since December and erasing all gains for the year. Shares of ONGC declined to the day’s low of Rs … Read more
