Paint Stocks Slide as Crude Oil Rises for Fourth Day; Asian Paints, Berger Paints Leads Losses

Shares of major Indian paint companies declined on Wednesday, January 14, as rising crude oil prices weighed on investor sentiment. Stocks such as Asian Paints, Berger Paints, Indigo Paints, and Shalimar Paints traded lower amid weak broader market conditions.

Higher crude prices are negative for the paint sector because many raw materials used in paints are derived from crude oil.

Why Rising Crude Oil Is a Concern

India imports around 85% of its crude oil needs, making it vulnerable to global oil price movements. When crude prices rise, input costs increase for paint manufacturers. This can hurt profit margins and impact overall earnings, leading to pressure on stock prices.

How Paint Stocks Performed

• Asian Paints fell 2.1% to ₹2,826, emerging as the biggest loser in the sector
• Indigo Paints slipped 2% to ₹1,198
• Berger Paints (India) declined 1.5% to ₹512.75
• Shalimar Paints eased 1% to ₹67.30

Crude Oil Extends 4-Day Rally

Brent and WTI crude futures rose sharply in the previous session, extending gains for the fourth straight day, marking the strongest 4-day rally since June.

• Brent crude closed at $65.47 per barrel
• WTI crude ended at $61.50 per barrel

Both contracts touched levels last seen on November 11.

What Triggered the Oil Price Jump

Crude prices surged due to rising geopolitical tensions involving Iran. US President Donald Trump cancelled talks with Iranian officials and warned of possible military action following reports of a harsh crackdown on protesters.

Trump also said countries doing business with Iran could face a 25% tariff on trade with the US. Iran is a major oil producer under OPEC, and China is its largest crude buyer.

Read more: Best Gold Stocks in India for January 2026: Titan, D P Abhushan, Thangamayil and More Based on 5-Yr CAGR.

Oil Prices Cool Slightly

In today’s session, crude prices eased a bit, with Brent down around 0.7% and WTI lower by about 0.4%. The dip came after Venezuela resumed oil exports, with two supertankers reportedly shipping nearly 3.6 million barrels under a new supply deal.

Conclusion

Paint stocks came under selling pressure as a sustained rise in crude oil prices raised concerns over higher raw material costs and weaker margins. While oil prices cooled slightly later in the day, continued geopolitical risks could keep paint stocks volatile in the near term.

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