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Oil-users top gainers among BSE largecaps

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Reuters

Reuters Market Eye - * Stock Percent Gain

Jet Airways 8.7

Berger Paints 9.2

Asian Paints 5.1

Apollo Tyres 2.7

Hindustan Petroleum Corp 2.2

* Oil hits 5-year low in longest losing streak since 2008 crisis. [O/R]

* Fall in crude oil will boost operating margins for users, increase discretionary spend in the economy - analysts.

* "We believe there is still room for the downstream crude players or those that use crude as a raw material to move north, be it paints, tyres, OMCs or lubricant companies," said Jyotheesh Kumar, executive vice-president of HDFC Securities.

(Reporting by Abhishek Vishnoi)

 

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First Published: Dec 01 2014 | 11:29 AM IST

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