IndiGo, BPCL and HPCL gain as Brent slips below $72.5 a barrel

Brent crude fell below $72.5 a barrel and extended losses for a fourth straight session, returning to levels seen before the U.S.-Iran tensions escalated. Physical crude markets have weakened, and the forward curve has shifted into bearish contango. The report says sentiment has swung from supply-disruption fears to expectations of surplus, driven by diplomatic progress, improving shipping through the Strait of Hormuz, and rising crude supply from the Middle East and Africa.