Oil refiners, airlines climb as oil prices slip

Last Updated: Wed, Nov 15, 2017 12:41 hrs
Petronet LNG

India's oil explorer Oil and Natural Gas Corp Ltd shares fall as much as 2.6 pct; among top pct losers on the NSE index.

Oil prices fell more than 1 pct on Wednesday on weak demand outlook.

Oil refiners rise as weaker crude prices lower input costs; Bharat Petroleum Corp Ltd gains 2.9 pct, Hindustan Petroleum Corp Ltd rises 2.8 pct and Indian Oil Corp Ltd climbs 2 pct.

Airline stocks also rise as jet fuel is the biggest cost for low-budget carriers; InterGlobe Aviation Ltd gains 3.5 pct, Jet Airways (India) Ltd up 2.6 pct and Spicejet Ltd climbs 2.3 pct.

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