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Aviation stocks take off on falling crude prices; SpiceJet up 5%

Aviation stocks take off on falling crude prices; SpiceJet up 5%

Tuesday, March 14, 2017, 10:03 AM

Shares of aviation companies jumped between 2.6 % and 5 % intraday on Tuesday as investors placed their bets on falling crude prices. Jet Airways gained 2.6 %, while SpiceJet and IndiGo surged 5.05 % and 2.81 % intraday, respectively. Falling prices in crude oil could lead to cheaper aviation fuel for carriers, which boosted investor sentiment.
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