Jet Airways rallied 5.19 per cent to settle at Rs 268.40 on the BSE.
Similarly, SpiceJet gained 1.05 per cent to Rs 15.41.
Aviation stocks rallied on hopes that fall in crude oil prices would help these companies improve profitability by reducing operating costs.
Jet fuel constitutes about 40 per cent of airlines' operating cost.
Fall in the global crude oil prices to four-year low also boosted the market sentiment as India imports nearly 80 per cent of its oil requirements.
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