Brent Crude oil falls, Aviation, OMC stocks gain

Hindustan Petroleum Corp (HPCL) was quoting at Rs 247.15, up 1.60 percent, Bharat Petroleum Corp (BPCL) was quoting at Rs 331.20, up 2.57 percent.

Aviation stocks slump as Brent crude jumps over 1.5pc

Crude Oil prices rebounded from low levels after Saudi Arabia announced that it will curb oil exports by 5,00,000 barrels per day from December. Reacting the news, aviation stocks such as Jet Airways, SpiceJet and InterGlobe Aviation fell to a certain extent. Read more

InterGlobe Aviation share price picks up momentum

However, Indigo shares recovered its lows during the day’s trade on value buying. During first afternoon hours of trade, shares of InterGlobe Aviation were trading 6.25 percent higher at Rs. 867.80 on the NSE, while on BSE, its share price was quoted at Rs. 881.95 up by 7.94 percent.