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This is an archive article published on March 18, 2011

Airlines,oil refiners plunge 1-3

Shares of OMCs and airline firms plunged as rising crude prices dampened investor sentiment.

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Shares of state-run oil marketing companies and airline firms were trading lower as rising crude prices dampened investor sentiment,several dealers said. U.S. crude climbed towards 104 on Friday,supported by fears of further geopolitical tensions in the Middle East and North Africa.

At 9.49 a.m.,shares of Indian Oil Corp,Hindustan Petroleum Corp. and Bharat Petroleum Corp,Jet Airways,Kingfisher Airlines and SpiceJet were down 1-3 per cent.

 

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