Airline, oil marketing stocks fall as crude prices surge

Airline and oil marketing stocks on Monday fell as crude oil prices surged after OPEC and its allies agreed to cut down on crude production.

SpiceJet shares dropped 4.90 per cent to Rs 44.60 per unit -- its lower circuit -- on the BSE.

InterGlobe Aviation, parent company of IndiGo, also dipped 4.74 per cent to Rs 990.

Among oil marketing stocks, Hindustan Petroleum Corporation declined 3.87 per cent to Rs 199.85, Bharat Petroleum Corporation fell 2.52 per cent to Rs 336.35 and