HPCL, BPCL, IOC and IndiGo Share Price Gained Today on June 24, 2026; Here's Why

Crude-sensitive stocks such as Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOC) and InterGlobe Aviation (IndiGo) gained on June 24, 2026, as crude oil price extended their decline amid improving shipping activity through the Strait of Hormuz. 

Brent Crude Extends Decline 

As of June 24, 2026, at 3:57 PM IST, Brent crude was trading at around $75.61 per barrel after falling below $76 per barrel and touching an intraday low of $75.20 per barrel, its lowest level since February 27. Meanwhile, US benchmark West Texas Intermediate (WTI) touched an intraday low of $72.03 per barrel, its weakest level since March 3. 

Oil price has remained under pressure following a 60-day sanctions waiver granted by the United States to Iran after initial peace talks. Market sentiment was also supported by signs that shipping activity through the Strait of Hormuz is gradually returning to normal. 

Strait of Hormuz Shipping Activity Improves 

According to ship-tracking data, several stranded supertankers passed through the Strait of Hormuz on Tuesday as confidence among shipowners improved. 

Reports indicated that more vessels are transiting the waterway with their satellite signals switched on, reflecting reduced concerns over potential disruptions. 

The United Nations shipping agency has also initiated an evacuation plan to help hundreds of stranded ships pass through the strait following the ceasefire agreement between the United States and Iran. 

Meanwhile, Oman and Iran agreed to continue discussions regarding the future management of navigation through the strategic waterway. 

Read More: Maninfra Share Price in Focus on Securing Intimation of Approval for its Tardeo 2.0 Project, South Mumbai 

Crude-Sensitive Stocks Gain on Lower Oil Price

On June 24, 2026, HPCL share price closed at ₹412.90 each on the NSE, up ₹16.15 or 4.07%. IndiGo share price closed at ₹5,207.20 each on the NSE, up ₹245.80 or 4.95%. BPCL share price closed at ₹315.70 each on the NSE, up ₹7.15 or 2.32%, while IOC share price closed at ₹146.30 each on the NSE, up ₹3.13 or 2.19%. 

Oil marketing companies generally benefit from lower crude oil price as easing input costs can support their operating environment. 

Conclusion 

Crude-sensitive stocks including HPCL, BPCL, IOC and IndiGo gained on June 24, 2026, as Brent crude fell below $76 per barrel amid easing concerns over supply disruptions through the Strait of Hormuz. Market participants continued to monitor developments related to shipping activity, sanctions policy, and regional negotiations that could influence global oil markets. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.   

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.