Shares of aviation and oil marketing companies surged up to 6 per cent on Wednesday.
New Delhi: Shares of aviation and oil marketing companies surged up to 6 per cent on Wednesday due to sharp drop in global crude oil prices.
The scrip of SpiceJet soared 5.63 per cent, Jet Airways 2.74 per cent and InterGlobe Aviation 1.41 per cent on the BSE.
Among OMCs, shares of IOC rose by 1.76 per cent, HPCL 1.17 per cent and BPCL 1.08 per cent. Crude oil fell to one-year low in the global market.
Brent crude, the oil prices international benchmark, fell 6.92 per cent to USD 62.17 a barrel on Tuesday on excess supply concerns.