November 14, 2018 / 4:42 AM / 8 months ago

BUZZ-Shares of Indian OMCs, airlines jump as crude prices falter

** Shares of Indian oil marketers Hindustan Petroleum Corp Ltd, Bharat Petroleum Corp Ltd and Indian Oil Corp Ltd jump 8.7 pct-12.4 pct as oil prices slump

** Oil markets struggle to find their footing on Wednesday after a 7 pct plunge in the previous session, with surging supply and the spectre of faltering demand keeping investors on edge

** Hindustan Petroleum climbs as much as 12.4 pct to its highest since Sept 24; stock top pct gainer on the NSE index

** Indian Oil rises as much as 10 pct, in its sharpest intraday pct jump since Aug 4, 2017

** Aviation stocks also climb, with Interglobe Aviation Ltd rising 6.6 pct to an 11-week high

** Jet Airways (India) Ltd rises 3.7 pct, while Spicejet Ltd advances 5 pct ahead of its qtrly results

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