Aviation, paint and OMCs rally on fall in crude oil prices

In the aviation pack, shares of SpiceJet climbed as much as 6.9 per cent to Rs 83.60 apiece while those of Jet Airways gained over 4 per cent to Rs 323.30.

Shares of aviation, paint and oil marketing companies jumped in the opening deals on Wednesday, a day after the crude oil prices tumbled over 6 per cent with the US crude diving to its lowest level in more than a year. 

US West Texas Intermediate (WTI) crude futures ended Tuesday's session down $3.77, or 6.6 per cent, at $53.43 per barrel. The contract fell as much as 7.7 per cent during the session to touch $52.77 a barrel, the lowest since October 2017. Brent crude futures fell $4.26, or 6.4 per cent, to settle at $62.53 a barrel. The international benchmark