Indigo Paints shares jumped by 4.64%, trading at ₹1,574.40, following a drop in U.S. crude oil futures by over 4%. The decline in crude prices came after reports that Israel informed the U.S. of its decision not to target Iran’s oil facilities in its retaliatory strikes, relieving fears of a major supply disruption in the Middle East.
This development eased concerns about escalating tensions in the region and their potential impact on oil supplies. Oil prices had spiked earlier in the month due to missile attacks from Iran and fears of further escalation, which could have disrupted crude production and supply chains.
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