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OMCs, aviation stks drop as crude rises; IndiGo, Jet Airways hit 52-wk lows

Shares of Hindustan Petroleum (HPCL) was trading two and a half per cent lower at Rs 242 while those of Indian Oil was down 1 per cent at Rs 153.5.

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SharesofaviationandoilandgascompaniescameundersellingpressureonTuesdayasthecrudeoilpriceshitafour-yearhigh.State-runGAILwastradingover4percentloweratRs365.65apieceonBSE,afterhittinganintradaylowofRs364.90.BPCLwasdownnearly3percentatRs357.40.SharesofHindustanPetroleum(HPCL)wastradingtwoandahalfpercentloweratRs242whilethoseofIndianOilwasdown1percentatRs153.5.OilIndiawastradingatRs217,down0.37percent.Atthetimeofwritingthisreport,theS&PBSEOil&Gasindexwasdown1percentat ...