Focus on OMCs as prices to swing on daily basis

State-run oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) will revise petrol and diesel prices every day in sync with international rates, beginning June 16. Analysts expect the daily revision in oil prices to result in improved marketing margins for the oil marketing companies, leading to higher profitability. However, investors and analysts will closely track the implementation of the plan.