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Shares of oil marketing companies were the top gainers on NSE index as US oil prices slumped on Monday after China threatened duties on American crude imports in an escalating trade dispute with Washington.
Oil marketing companies shares posted biggest intraday percentage gain since May 28. Hindustan Petroleum Corp Ltd climbed as much as 5.3 per cent to a one-month high of Rs 322.50, while Indian Oil Corporation Ltd gained as much as 4.9 per cent to Rs 175.90. Bharat Petroleum Corporation Ltd jumped as much as 3.6 per cent to Rs 427, its highest since April 11.
Up to Friday's close, HPCL had fallen 26.8 per cent and BPCL declined 20.4 per cent, while IOC lost 13.7 per cent this year.
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