Kingfisher Airlines (up 3.53%), Jet Airways (India) (up 2.73%) and SpiceJet (up 2.65%), edged higher.
The BSE Sensex was up 74.73 points, or 0.39% at 19,422.85.
Shares of Kingfisher Airlines were flat over the past one month till 4 December 2012, underperforming the the Sensex's 3.16% rise. The scrip had, however, outperformed the market in past one quarter, soaring 44.84% as against Sensex's 10.94% rise.
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Jet Airways (India) had outperformed the market over the past one month till 4 December 2012, soaring 45.84% compared with the Sensex's 3.16% rise. The scrip had also outperformed the market in past one quarter, surging 56.05% as against Sensex's 10.94% rise.
SpiceJet had outperformed the market over the past one month till 4 December 2012, spurting 25.29% compared with the Sensex's 3.16% rise. The scrip had also outperformed the market in past one quarter, soaring 42.60% as against Sensex's 10.94% rise.
In Delhi, price of aviation turbine fuel (ATF), or jet fuel, was reduced by 1.01%, or Rs 688.40, to 67,709.12 per kilolitre (kl). In Mumbai, ATF price was reduced by 1.02% to 68,392.80.
Prices of ATF constitutes approximately 50% of operating expenses of Indian airlines. State-run oil marketing companies -- Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -- revise jet fuel prices on the 1st and 16th of every month based on the average international crude price in the preceding fortnight.
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