Windows Errors? Fix Them Before They Spread
Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstallCrashes, No Sound, or Screen Glitches?
Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteOn Thursday, 8 October 2026, shares of Indian oil marketers, an airline, paint makers and tyre companies fell as Brent crude rose above $102 a barrel. According to Moneycontrol’s report of that session, HPCL fell 4.7%, BPCL 4%, IndiGo 3.6% and Asian Paints 1.4%. The day was also a broad market decline, so crude prices explain only part of the move.
Which oil-sensitive stocks fell, and by how much
Moneycontrol’s report gives one-session figures for the close of the morning trading window it covered, not end-of-day closing prices. The percentages and prices below are as the report states them; they have not been checked against exchange records. Where the report gave no price, the cell says so.
| Sector | Company | Reported move | Price quoted (₹) |
|---|---|---|---|
| Oil marketing | HPCL | −4.7% | 327.2 |
| Oil marketing | BPCL | −4.0% | 284.6 |
| Oil marketing | Indian Oil Corporation | −2.8% | 126.4 |
| Aviation | IndiGo | −3.6% | 4,812.8 |
| Paints | Kansai Nerolac Paints | −4.8% | 183.2 |
| Paints | Asian Paints | −1.4% | 2,338.8 |
| Paints | JSW Dulux (Akzo Nobel India) | −1.3% | 2,989.0 |
| Paints | Berger Paints | +0.8% | 467.8 |
| Tyres | CEAT | −1.4% | not stated |
| Tyres | Apollo Tyres | −1.3% | not stated |
| Tyres | JK Tyre | −1.1% | not stated |
| Tyres | MRF | −0.6% | not stated |
| Upstream producers | Oil India | Declined | not stated |
| Upstream producers | ONGC | Declined | not stated |
The headline’s “up to 5%” is a rounded figure. The largest decline in the report is 4.8%, for Kansai Nerolac Paints, and HPCL’s 4.7% is close behind. Only Berger Paints rose among the named companies.
What pushed crude higher, as reported
The report gives these crude benchmarks for 0427 GMT on Thursday:
#1 Best Overall
- Brent futures: up $2.28 (2.28%) to $102.28 a barrel.
- US WTI futures: up $1.66 (1.88%) to $89.94 a barrel.
Three supply concerns were cited as the drivers:
- Shipping in the Gulf and Strait of Hormuz: the report links the move to an increase in attacks on shipping in the region.
- US offshore oil facilities: the report mentions hurricane-related threats to these sites.
- Stock releases: crude had settled lower on Wednesday after the International Energy Agency agreed to accelerate a release of oil stocks and prioritise diesel supplies under a plan launched in March.
These are the report’s account. The shipping incidents, the hurricane risk and the IEA plan should be checked against wire-service reporting or IEA publications before being treated as settled facts.
Why this was not only a crude-price story
The report places the sector moves inside a wider Indian sell-off at 12:35 pm on the same day:
- Sensex down 850 points (1.2%) at 71,788.5.
- Nifty 50 down 303 points at 22,300.
- Nifty Energy down 2.3%, and Nifty Oil & Gas down 2.1%.
The report also cites declines across Asian markets, along with concerns about sovereign bond markets and borrowing by technology companies. The energy indices fell more than the headline index, which points to crude prices as one factor among several. The report does not measure how much of each stock’s move came from crude and how much from the broader market.
How each sector is exposed to crude
The report does not analyse any company’s costs. The explanations below are general industry mechanisms, not findings from the report, and they explain why these sectors are typically grouped together on crude-price days.
Rank #3
- Master Stock Investing: Beginner's guide covers fundamental analysis, Indian market strategies, and risk management, offering confidence in navigating the stock market effectively.
- Indian Market Strategies: Strategies for profitable investing by understanding market dynamics, regulations, and opportunities available in the Indian market.
- Manage Risk, Maximize Returns: Learn essential strategies for protecting and optimizing investments, including diversification, position sizing, and hedging against volatility.
- Fundamental Analysis Strategies & Methods for Investing in Growing, Multibagger stocks, at the right price | Buy, Hold, & Sell Based on Stock Performance | Long Term Investing
- Proven Investment Strategies: Uncover effective approaches to navigate market fluctuations and achieve sustainable long-term financial objectives with confidence.
Oil marketing companies: HPCL, BPCL and Indian Oil
Refiners and marketers buy crude as their main input, so a sharp rise in crude prices can squeeze margins. How much of that increase they can pass on to fuel prices depends on pricing policy, which the report does not discuss. These three names were among the largest decliners in the report.
Aviation: IndiGo
Jet fuel is one of an airline’s largest operating costs, so a crude rally usually weighs on airline shares. The report gives no figure for IndiGo’s fuel cost or hedging, so its size of exposure cannot be read from this article.
Paints: Asian Paints, Kansai Nerolac, JSW Dulux and Berger
Many paint ingredients, including solvents and resins, are derived from petrochemicals, so higher crude prices can feed into input costs over time. This is why the group often moves together. Berger Paints rose 0.8% in the same session, and the report does not explain why it moved against the group.
Tyres: CEAT, Apollo, JK Tyre and MRF
Synthetic rubber and carbon black are both petroleum-linked inputs. All four tyre makers declined in the report, but by smaller amounts (0.6% to 1.4%) than the oil marketers and paint makers.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Upstream producers: Oil India and ONGC
Producers should benefit from higher crude, yet the report says both fell. The article does not explain this. Possible reasons include the broader market selloff, government policy on upstream pricing, or the timing of the move, but none of these is established by the report, so it is best treated as an unexplained exception.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What this snapshot cannot tell you
- It is one session. The figures describe Thursday’s trading as reported by Moneycontrol, not a current price or a closing price.
- It is not verified exchange data. The figures are reproduced from a news report and have not been checked against NSE or BSE records.
- It contains no company financials. No input-cost breakdown, margin estimate or earnings forecast is given, so the report cannot show how much any named company’s profit is affected.
- Causes are reported, not proven. The article links the sector moves to crude prices and to a broader selloff, but it does not show which factor drove which stock.
How to read a day like this
- Confirm the timestamp. Check whether a price is an intraday figure, a close, or a later quote before comparing it with any other move.
- Separate the sector from the market. Compare a stock’s move with its sector index and with the Nifty 50 on the same day. HPCL’s 4.7% fall, for example, is larger than the 2.3% fall in the Nifty Energy index, but that comparison alone does not show what caused it.
- Find the cost channel. Look in the company’s annual report or quarterly results for disclosures on fuel, crude-linked or raw-material costs, and check whether management says it can pass them on.
- Watch whether the move holds. A one-day move that reverses within a session or two tells you less about a company than a sustained change in its margins or guidance.
- Measure against your own time horizon. If you hold these shares for several years, a single day’s fall should be weighed against your original reasons for owning them, not treated as a trading signal.
Frequently Asked Questions
Where can I find official closing prices for these stocks?
The National Stock Exchange (NSE) and BSE publish official closing prices and historical data for listed companies. Use the closing price for the day, rather than an intraday figure, when you compare moves across sessions.
Does a one-day fall in an oil-sensitive stock mean it is overpriced?
Not on its own. A single session cannot show whether a share is cheap or expensive. Valuation depends on the company’s earnings, debt and expected cash flows over time, and those figures are not in the report.
The Bottom Line
The 8 October 2026 fall was a crude-driven sell-off layered on top of a broader Indian market decline, and the report does not separate the two. For a personal-finance reader, the useful question is not what happened on one Thursday but whether a holding’s costs are structurally tied to crude, and whether its own disclosures show that exposure is manageable.
Free tools Windows power users keep installed
One-click scans. No signup required.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
