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The stock quoted a 52-week high price of Rs 442.95 and a 52-week low of Rs 274.0.

A total of 119,848 shares changed hands on the counter till 11:01AM (IST).

Promoters held 63.99 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 16.07 per cent and 1.83 per cent, respectively.

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 101955.34 Crore) operating in Gas & Petroleum sector.

The Relative Strength Index of the stock stood at 41.55 on Wednesday.

The Nifty Auto index closed 1.25 per cent up at 11832.55.

US consumer confidence fell sharply in June, following a decline in May, as concerns over high inflation left US consumers anticipating weaker economic growth in the second half of the year, the US Conference Board said overnight.

"As equity markets decided that a recession isn’t good for stocks, after all, the Dollar index managed to unwind almost all of last week’s retreat in just one session. The dollar-yen exchange rate was back above 136 this morning, and the Indian rupee took a pasting to a new all-time low," said Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA.

The Equity Valuation Index indicates that overall market valuations have moderated from their recent peak amidst rising global uncertainty

“Till now, the rupee had outperformed on a 12 months basis. The dollar index is up 14%, rupee had fallen 7% but today for example, we are seeing the rupee making lifetime lows consistently and RBI does not seem to be holding the level. There is still a lot of money that FIIs have put into India and only a very small fraction of that has gone out. It will return when there is a durable peak of the dollar and they are sure of the rupee reaching a level.”