US-Iran Ceasefire Talks Push Brent to $89: IndiGo, HPCL, Tyre Stocks Gain Up to 4% in Early Trade

Key Takeaways

• Crude-sensitive stocks surged across India on June 12, 2026. IndiGo rose 3%, HPCL gained 4%, and tyre makers advanced up to 3%. Brent crude fell to below $90 per barrel, its lowest since March, which lifted the Sensex 971 points.
   
• The same stocks had fallen up to 3% when Brent rebounded to $95 per barrel on Iran’s Strait of Hormuz closure fears on June 11, 2026.

Why Did Oil-Sensitive Stocks Rally Sharply on June 12, 2026?

Companies with crude oil association witnessed robust buying sentiment in early dealings on Friday. IndiGo share prices increased by about 3%, while HPCL and BPCL recorded an increase of over 4%, along with tyre makers, which gained as much as 3%.  

This followed the news on June 12, 2026, that a barrel of Brent crude fell to below $90 per barrel. US President Donald Trump said that even an Iran peace accord might be completed this weekend. The spurt was useful to lift the broader market up, which surged 1,000-odd points for the Sensex and crossed 23,400 for the Nifty. 

The prior session on June 11 had been a reversal. HPCL, BPCL, and IOC had fallen up to 3% on Thursday, June 11, as Brent rebounded to around $95 per barrel after Iran announced the closure of the Strait of Hormuz.

How does Falling Crude benefit Indian Consumers and Businesses?

Lower crude prices can reduce costs across multiple sectors at once. Here is how each sector benefits:

Cheaper crude-linked raw materials

Up to 3%

Paint companies (Asian Paints)

Lower solvent and resin input costs

1-2%

At the end of the April-June quarter of FY25, IndiGo’s aircraft fuel expenses accounted for 36.7% of its total expenses. A sustained fall in crude prices can directly improve airline profitability. Cheaper crude can ease fuel prices, lower transport costs, and reduce inflation pressure over the next 2–3 months for Indian households.

What do Experts say about sustaining this Rally?

Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services, said, “Falling crude oil prices are an additional trigger for aviation players, which are seeing long-term fundamental tailwinds. For IndiGo, growth in passenger traffic, market share gains, and consistent expansion plans make us positive on the stock for the long-term.”