Crude Oil Crash Fuels Rally in OMCs and Aviation Stocks

$HINDPETRO jumped 4.5% while $BPCL gained 3.7% after crude oil prices slipped below the $100 mark, boosting sentiment across fuel-sensitive sectors. Lower crude prices are expected to reduce input costs for oil marketing companies, tyre manufacturers, and airline operators, improving profitability and easing margin pressures. The sharp fall in oil prices triggered broad buying interest as investors anticipated stronger earnings outlook for these sectors.