Aviation stocks take off

Jet Airways and SpiceJet up 4%

Aviation stocks - Jet Airways, Kingfisher Airlines and SpiceJet took off in morning trades after oil company Indian Oil Corporation announced a cut in aviation fuel in all four metros with effect from December 01, 2012.

Jet Airways and SpiceJet were up 4% each and were the top gainers from the pack. Meanwhile, Kingfisher Airlines lagged with a 1.5% gain.

SpiceJet witnessed over 3.6 million shares changing hands followed by Kingfisher at 1.2 million and nearly six lakhs shares of Jet Airways were traded.