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IndiGo, SpiceJet, Asian Paints slide up to 8% as oil shock above $115 hits crude-sensitive stocks
A sharp surge in crude oil prices above $115 per barrel has raised fears of higher input costs and renewed inflationary pressures. Among the biggest losers, IndiGo shares plunged over 7 percent. Paint companies, which rely heavily on crude derivatives for inputs, also came under pressure.
A sharp surge in crude oil prices above $115 per barrel has raised fears of higher input costs and renewed inflationary pressures. Among the biggest losers, IndiGo shares plunged over 7 percent. Paint companies, which rely heavily on crude derivatives for inputs, also came under pressure.
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