Shares of Oil Marketing (OMCs) as well as Airline companies declined on Friday as Brent Crude oil traded over its significant level at USD64per-barrel.
Oil marketing companies stocks such as IndianOil (IOC) falls 1.72%, Hindustan Petroleum (HPCL) falls 0.12% and BharatPetroleum (BPCL) drops 0.45% during mid-morning session.
Among
Airline share, SpiceJet dropped 4.75% while Indigo or InterGlobeAviation fell 2.54%
and Jet Airways down 12.17% following a sharp surge in global crude oil
prices.
Equity benchmark indices meantime continue their down trend with Sensex falling
240-points at 39,360-mark and the NSE Nifty lower at 11,768, down 63points at
11:40hours.
Also, at this time, Nifty Energy index fell 0.55% at 15,991.90. Top Falling constituents in the Energy index were IOC, Reliance, PowerGrid, GailIndia, ONGC and Reliance Infra.
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