Mumbai: Led by HPCL, shares of oil marketing companies Monday fell by up to 6 percent, following weakness in the rupee against the US dollar.
Shares of HPCL tanked 5.71 percent to Rs 196.40, while BPCL was down by 3.22 percent to Rs 323.30 on the BSE.
Similarly, IOC shares went down by 1.67 percent to Rs 220.90.
Marketmen said shares of oil marketing companies declined on worries that weakness in rupee against the dollar may raise cost of crude oil imports.
The rupee today closed at 62.60 against the US dollar, down 37 paise or 0.59 percent from its previous close.
Oil marketing companies import about 75 percent of the country's crude oil requirement.
The BSE 30-stock index, Sensex, closed the day at 19,900.96, down 362.75 points.
First Published: Monday, September 23, 2013, 19:00