Shares of aviation and oil marketing companies surged up to 7.7 per cent Wednesday on falling crude oil prices.
The scrip of InterGlobe Aviation soared 7.67 per cent, SpiceJet rose by 2.83 per cent and Jet Airways (India) gained 1.22 per cent on the BSE.
Shares of Hindustan Petroleum Corporation Ltd went up by 4.75 per cent, Bharat Petroleum Corporation Ltd 4.52 per cent and Indian Oil Corporation 2.90 per cent.
Brent crude plunged nearly 7 per cent to USD 65 a barrel.
"A fall in crude prices could augur well for the Indian economy considering that India imports a majority of its crude requirements," said Abhijeet Dey, senior fund manager-Equities, BNP Paribas Mutual Fund.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app