Crude Spike Triggers Sell-off in Airlines, Tyre and Paint Stocks

Crude-sensitive stocks fell sharply after oil prices surged above $115 per barrel amid West Asia tensions.

IndiGo, SpiceJet, JK Tyre and Asian Paints declined up to 8% on fears of higher input costs and inflation. Broader markets also slumped, with Sensex falling over 2,400 points and volatility rising sharply.