Jet Airways, SpiceJet gain on hopes of cut in jet fuel prices
Reuters Market Eye - Jet Airways Ltd is up 4.7 pct and SpiceJet Ltd gains 0.9 pct.
Traders say state-run oil marketing companies could slash jet fuel prices next month amid declining crude oil prices.
Oil prices fall to four-year lows as OPEC production cut looks unlikely.
Fuel charges contribute to nearly one-third of an airline's operational expenses, analysts say.
(Reporting by Abhishek Vishnoi)