The impact on auto stocks was more mixed given the proportion of petrol and diesel vehicle sales are different.
Mumbai: State-run oil companies rallied after the government allowed them to raise the prices of petrol, though the action was more mixed for auto stocks.
BPCL gained 3 per cent, HPCL added 2.3 per cent, while IOC advanced 2.7 per cent.
The impact on auto stocks was more mixed given the proportion of petrol and diesel vehicle sales are different per company.
Maruti Suzuki shares fell 2.6 per cent, while two wheeler makers Bajaj Auto fell 1.5 per cent and Hero MotoCorp lost 1.4 per cent.
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