November 12, 2018 / 8:33 AM / 10 months ago

BUZZ-Indian aviation stocks dive as crude prices rebound

** Shares of Jet Airways (India) Ltd, Spicejet Ltd and Interglobe Aviation Ltd fall 3.9-6.6 pct

** Oil prices jumped more than 1.5 pct after top exporter Saudi Arabia announced a supply cut in Dec and other producers considered reductions heading into 2019

** Jet Airways falls as much as 6.6 pct in its sharpest intraday drop since Oct 31; Jet shares are down about 69.1 pct this year as of last close

** Jet is due to report quarterly results later in the day

** Shares of Interglobe Aviation, owner of India’s largest domestic carrier by market share - IndiGo, post their biggest intraday pct drop since mid-Oct

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