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)