Shares of oil and gas companies fall after crude oil prices jump

Shares of oil and gas companies fell on Monday after crude oil prices surged amid escalating tensions in the Middle East. Indian Oil was down 2.33% at ₹131.37 around 11:20 am on the NSE, while Bharat Petroleum declined 1.39% to ₹280.50. Meanwhile, Adani Total Gas and GAIL (India) fell 2.32% and 1.55% to ₹601.95 and ₹159.62, respectively.