Stock viewMoneycontrol
IndiGo jumps 5%, Asian Paints gains 2% amid crude slump
Positive+1
GreyOak summary
Shares of IndiGo, Asian Paints, and Apollo Tyres rallied as Brent crude prices fell nearly 25% over the last 10 days. While global oil prices recovered slightly from two-month lows due to Hormuz shipping concerns, Indian aviation, paint, and tyre stocks surged. Oil marketing companies also traded higher, though upstream producer Oil India declined.
What it affects
- InterGlobe AviationINDIGOPositive +1
Rallied nearly 5% on crude slump.Rolling sentiment Neutral +5
- Brent crudePositive +1
Rolling sentiment Positive +21
- Asian PaintsASIANPAINTPositive 0
Gained 2% as paint stocks rallied.Rolling sentiment Neutral -1
Source
Read the original at MoneycontrolMore InterGlobe Aviation news
- Market wrap: M&M, InterGlobe, Adani Ports SEZ, ICICI Bank top gainers and losers on Nifty and Sensex on WednesdayEconomic Times · Market wrap ·
- Jefferies lists 12 stocks to gain as FPIs embrace Indian marketsMint · Stock view ·
- Sensex rallies 1,000 pts; Kalyan Jewellers, IndiGo surgeFinancial Express · Market wrap ·
- Indices hold gains at noon; M&M, IndiGo top NiftyBusinessLine · Market wrap ·
- IndiGo surges past analyst target as crude slide and Q2 beat draw buyersBusinessLine · Results ·