Middle East Tensions Escalate: Eternal, IndiGo, BPCL Shares Plunge Amid Crude Surge
MMoneycontrol•19-03-2026, 17:28
Middle East Tensions Escalate: Eternal, IndiGo, BPCL Shares Plunge Amid Crude Surge
- •Eternal, IndiGo, BPCL shares fell up to 5% on March 19 due to rising oil prices.
- •Brent crude jumped above $119 a barrel after Iran attacked Middle East energy facilities.
- •Iran's attacks followed an Israeli strike on its South Pars gas field, escalating the conflict.
- •Food delivery platforms Eternal and Swiggy also saw shares drop over concerns of higher overheads.
- •Oil marketing companies BPCL and HPCL closed lower, while QatarEnergy reported extensive damage to its Ras Laffan facility.
