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Paint Company Shares Drag On Crude Oil Price Surge


On oil price increase to as much as 4% after Iran retaliated with attack on Iraq base hosting US troops, shares in paint companies were dragged lower by up to 3%.

Paint Company Shares Drag On Crude Oil Price Surge

Asian Paints traded and fell 1.7% intraday. Berger Paints shares were also down and fell more than 2%. Also, Nerolac and Repro India fell upto 2.5% each.

Meanwhile, Indian indices following Asian peers were trading low with Sensex sliding as much as 250 points while Nifty was below 12000 points.

Story first published: Wednesday, January 8, 2020, 12:38 [IST]
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