OMC Stocks Rally On US-Iran Ceasefire: IOC, BPCL, HPCL Surge Upto 10% As Crude Oil Crashes 15%

The rally tracked a sharp crash in global oil prices, with Brent crude due for May delivery plunging 6% at $103 per barrel, while the US WTI crashed 15% to trade at $96 per barrel after the US-Iran ceasefire deal.