Shares of the Indian Oil Corp scrip fell over 7.5 percent Friday on the Bombay Stock Exchange as a fire in a major oil products depot on the outskirts of Jaipur continued to rage, leading to an estimated loss of Rs.200 crore.

The shares of the state-run refinery major fell to Rs.291.50 in early trade, down from its previous close at Rs.315.25, but stabilised marginally at Rs.308.10 later.