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flag Indian oil stocks surged after global crude prices dropped following a U.S.-Iran ceasefire.

flag Shares of oil marketing companies in India surged Wednesday as global crude prices dropped sharply following a ceasefire between the U.S. and Iran. flag Hindustan Petroleum, Bharat Petroleum, and Indian Oil rose nearly 9%, while the broader market rallied, with the Sensex climbing over 2,500 points.

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