IndiGo Share Price Jumps 4.62% to Rs 4,927 as Crude Oil Crashes 5.4% on Iran Peace Deal — MRPL, Asian Paints, HPCL and Apollo Tyres Also in Focus
- June 15, 2026
- Posted by: Ankit Jaiswal
- Category: News
IndiGo share price: +4.62% to Rs 4,927.50 (H: Rs 4,930). MRPL +5.80% (top gainer). HPCL +3.54%. Asian Paints H: +3.10%. MCX Crude -5.36% to Rs 7,541. ONGC -0.83%.
IndiGo share price is among the top gainers in today’s broad market rally, surging 4.62% to Rs 4,927.50 as MCX crude oil July futures crashed 5.36% to Rs 7,541 per barrel following the confirmation of the US-Iran peace deal on June 14, 2026. The deal, which includes the immediate toll-free opening of the Strait of Hormuz and removal of the US Naval blockade, has triggered a sharp repricing of crude oil globally as the market prices in the return of approximately 20-21 million barrels per day of disrupted supply. Alongside IndiGo share price, MRPL topped the gainers at +5.80%, followed by Apollo Tyres (+3.78%), HPCL (+3.54%), GAIL (+3.28%), L&T (+3.25%), IOC (+3.07%), BPCL (+2.63%), and Asian Paints (which hit a high of +3.10% before settling at +1.36% LTP). On the losing side, ONGC (-0.83%) and Oil India (-0.44%) underperformed as upstream crude producers face revenue headwinds from lower oil prices.
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Crude Oil Crash Today: Key Data Points
| Crude Metric | Value | Context |
|---|---|---|
| MCX Crude Oil Jul Futures LTP | Rs 7,541/barrel | Down from Rs 7,968 (prev close) |
| MCX Crude Change | Rs -427 (-5.36%) | Largest single-day drop in 2026 |
| MCX Crude Day Low | Rs 7,494/barrel | Intraday low hit as Hormuz deal priced |
| MCX Crude Open | Rs 7,650/barrel | Gapped down from previous close of Rs 7,968 |
| Brent Crude (approximate) | ~$88-90/barrel | Translating from MCX Rs 7,541 at ~Rs 85/USD |
| Pre-war Brent (Jan 2026) | ~$70-75/barrel | Where crude may return to over 3-6 months |
| Strait of Hormuz status | Toll-free opening ordered by Trump | ~20-21 mbpd of oil supply restored to global markets |
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IndiGo and All Crude-Sensitive Stocks Today: Full Data Table
| Stock | NSE | Open | High | Low | LTP | Prev Close | Change | Reason |
|---|---|---|---|---|---|---|---|---|
| MRPL | MRPL | Rs 164.70 | Rs 171.25 | Rs 164.11 | Rs 170.36 | Rs 161.01 | +5.80% | OMC refiner; GRM expands on lower crude input |
| IndiGo | INDIGO | Rs 4,820 | Rs 4,930 | Rs 4,810 | Rs 4,927.50 | Rs 4,709.70 | +4.62% | ATF 35-40% of costs; crude fall saves ~Rs 2,000 Cr/qtr |
| Apollo Tyres | APOLLOTYRE | Rs 407.35 | Rs 414.90 | Rs 405.20 | Rs 411.30 | Rs 396.30 | +3.78% | Crude-linked synthetic rubber and carbon black cost relief |
| HPCL | HINDPETRO | Rs 406.70 | Rs 409.85 | Rs 400.05 | Rs 402.65 | Rs 388.90 | +3.54% | Refinery GRM + marketing margin expansion |
| GAIL | GAIL | Rs 173.01 | Rs 176.30 | Rs 172.11 | Rs 176.10 | Rs 170.50 | +3.28% | Gas sector repricing; lower feedstock costs |
| L&T | LT | Rs 4,130 | Rs 4,194.70 | Rs 4,130 | Rs 4,180.90 | Rs 4,049.30 | +3.25% | Gulf project revival + lower construction input costs |
| IOC | IOC | Rs 147 | Rs 148.47 | Rs 145 | Rs 145.26 | Rs 140.94 | +3.07% | Largest OMC; under-recovery fully eliminated |
| BPCL | BPCL | Rs 315 | Rs 316.75 | Rs 308.75 | Rs 310.30 | Rs 302.35 | +2.63% | Refinery margins improve; inventory valuation gains |
| Asian Paints | ASIANPAINT | Rs 2,820 | Rs 2,832.70 | Rs 2,776 | Rs 2,784.80 | Rs 2,747.40 | +1.36% (H: +3.10%) | TiO2, solvents, monomers are crude-linked raw materials |
| HDFC Bank | HDFCBANK | Rs 790 | Rs 793.50 | Rs 784 | Rs 785.10 | Rs 772.45 | +1.64% | Rate cut case strengthens as crude-driven inflation falls |
| Canara Bank | CANBK | Rs 134 | Rs 135.17 | Rs 133.40 | Rs 133.81 | Rs 131.67 | +1.62% | PSU bank rate cut beneficiary; G-sec gains |
| ONGC | ONGC | Rs 248.05 | Rs 248.30 | Rs 243.55 | Rs 244.15 | Rs 246.20 | -0.83% | Upstream producer; net realisations fall with crude |
| Oil India | OIL | Rs 418.80 | Rs 418.80 | Rs 410.50 | Rs 415.95 | Rs 417.80 | -0.44% | Same as ONGC , upstream revenue pressure |
IndiGo Share Price: Why Aviation Is the Biggest Crude Oil Beneficiary
IndiGo share price at Rs 4,927.50 (+4.62%) continues to reflect the direct and immediate impact of a 5%+ crude oil fall on aviation economics. When IndiGo share price moves on crude, it is because ATF (Aviation Turbine Fuel) is directly priced as a multiple of crude oil. When crude falls from Rs 7,968 to Rs 7,541 , a Rs 427/barrel drop , ATF prices in India follow with a 1-2 billing cycle lag. For IndiGo’s fleet of 300+ aircraft consuming roughly 6-7 million barrels of ATF per year, a sustained Rs 400/barrel crude reduction saves approximately Rs 2,400-2,800 crore annually in fuel costs. This is roughly 5-7% of IndiGo’s annual revenue , a material EBITDA uplift that markets are pricing into IndiGo share price today. IndiGo share touched an intraday high of Rs 4,930. With IndiGo share price sustaining above Rs 4,900, the stock looks poised to close well above yesterday’s Rs 4,709.70.
Asian Paints: Why a Paint Stock Is Moving on Crude Oil
Asian Paints (ASIANPAINT) hit an intraday high of Rs 2,832.70 (+3.10%) before settling at LTP Rs 2,784.80 (+1.36%). The crude oil connection for Asian Paints is through raw materials: approximately 40-50% of the company’s input costs are petrochemical-derived. Titanium dioxide (TiO2, the primary white pigment), solvents (used in oil-based paints and wood coatings), vinyl acetate monomer (VAM, used in emulsion paints), and various polymer dispersions are all crude oil derivatives. When crude falls 5%+, the cost of these materials reduces by a similar proportion over the next 1-3 months as supplier contracts are renegotiated or at-market pricing falls. For Asian Paints, every 10% fall in crude historically improves EBITDA margins by approximately 80-120 basis points.
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Conclusion
IndiGo share price at +4.62% to Rs 4,927.50 leads a broad crude-sensitive stock rally as MCX crude crashes 5.36% to Rs 7,541 on the US-Iran peace deal. MRPL is the top gainer (+5.80%). ONGC (-0.83%) and Oil India (-0.44%) underperform as upstream losers. Track live IndiGo share price and all crude-sensitive stocks on Univest.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why is IndiGo share price jumping today?
Ans. IndiGo share price is up 4.62% to Rs 4,927.50 today because crude oil has crashed 5.36% on the US-Iran peace deal confirmation. Aviation Turbine Fuel (ATF) constitutes 35-40% of IndiGo’s total operating costs and is directly priced as a percentage of crude oil. When crude falls 5%, ATF costs reduce by a similar proportion within 1-2 billing cycles. For IndiGo, which operates 300+ aircraft on 2,000+ daily flights, a crude oil price reduction of this magnitude translates to approximately Rs 1,800-2,200 crore in annual fuel cost savings, flowing directly to EBITDA. IndiGo share price has touched an intraday high of Rs 4,930, its highest level since late May 2026.
Why is Asian Paints share price rising despite not being an oil company?
Ans. Asian Paints share price is up today (H: +3.10% to Rs 2,832.70, LTP +1.36% to Rs 2,784.80) because paint companies are significantly exposed to crude oil prices through their raw material basket. Titanium dioxide (TiO2), the primary white pigment in paints, is produced from petrochemical intermediates. Solvents used in solvent-based paints are crude oil derivatives. Vinyl acetate monomer (VAM), used in water-based paints, is also a petrochemical product. For Asian Paints, approximately 40-50% of its raw material costs are crude-linked. A sustained 5% fall in crude reduces Asian Paints’ raw material costs by approximately 2-3%, directly improving EBITDA margins.
Which crude-sensitive stock has gained the most today?
Ans. MRPL (Mangalore Refinery and Petrochemicals Limited) is the top crude-sensitive gainer today at +5.80% to Rs 170.36, outperforming even IndiGo (+4.62%). MRPL is a downstream oil refiner that buys crude oil as its primary input and sells petroleum products (petrol, diesel, jet fuel, LPG, petrochemicals). When crude prices fall sharply, MRPL’s gross refinery margin (GRM) improves because the input cost (crude) falls faster than the output prices (petroleum products) in the short term. MRPL also benefits from inventory valuation gains since its crude inventory is revalued lower. The stock hit an intraday high of Rs 171.25 today, up from yesterday’s close of Rs 161.01.
Is HPCL a better buy than BPCL today on the crude oil fall?
Ans. Both HPCL (+3.54% to Rs 402.65) and BPCL (+2.63% to Rs 310.30) are beneficiaries of today’s crude oil crash, but HPCL has the higher intraday gain. HPCL is a more pure-play marketing and refinery company, while BPCL has a more diversified exposure including exploration assets. HPCL hit an intraday high of Rs 409.85 today (vs BPCL’s Rs 316.75). However, for longer-term positioning, BPCL is often preferred by analysts due to its stronger balance sheet and more conservative management approach. Both are government-owned OMCs that benefit from the same crude oil fall mechanism: lower input costs improve both gross refinery margins and marketing margins. Neither this analysis nor any statement in this article constitutes investment advice.
Why is ONGC share price falling while other oil stocks rally?
Ans. ONGC share price is -0.83% today at Rs 244.15 despite the broad market rally, which highlights the structural difference between upstream and downstream oil companies. ONGC is an upstream company , it extracts crude oil from the ground and sells it at market prices. When crude oil prices fall, ONGC’s revenue per barrel falls directly. ONGC does NOT benefit from cheaper crude oil the way airlines, refiners, or paint companies do. It is hurt by lower crude prices. The fact that ONGC is only -0.83% today (and not -3 to -5%) reflects that the stock had already corrected sharply on June 12 (-3.29%) when the peace deal was first signalled, so much of the negative crude impact was already priced in.
