Shares of airline firms and oil marketing companies on Wednesday rose up to 7 per cent after a slump in global crude oil prices.
The stock of SpiceJet jumped 6.67 per cent to touch an intra-day high of Rs 86.30 on BSE so far, Jet Airways surged 3.17 per cent to Rs 253.35 and InterGlobe Aviation, which runs Indigo airline, surged 2.26 per cent to Rs 1,137.
Besides, the scrip of Hindustan Petroleum Corporation Ltd (HPCL) advanced as much as 2.83 per cent to Rs 237.80, Indian Oil Corporation (IOC) climbed 2.17 per cent to Rs 147.75 and Bharat Petroleum Corporation Ltd (BPCL) grew 1.89 per cent to Rs 359.90.
The gain is in line with BSE’s Sensex trading at 36,467 points, up 0.33 per cent.
On Tuesday, brent crude, the international benchmark, dropped to USD 57.98 a barrel, a fall 2.73 per cent.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.