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Shares of oil explorers fell and refiners, and airlines rose as oil prices pinned near 5-month low.
Oil and Natural Gas Corp fell as much as 2.73 per cent, while Oil India declined as much as 2.36 per cent.
Crude oil plunged to five-month lows on Thursday amid record trading volume in Brent crude, as OPEC and other producers appeared to rule out deeper supply cuts to reduce the world's persistent glut of crude.
However, oil refiners rose as weaker crude prices lower input cost. Indian Oil Corp climbed 2.10 per cent, Hindustan Petroleum Corp rose 1.48 per cent, and Bharat Petroleum Corp gained 1.85 per cent.
Airlines stocks also rose as jet fuel is the biggest cost for low-budget carriers. SpiceJet Ltd jumped 8.36 per cent, Jet Airways was up 4.84 per cent and InterGlobe Aviation rose 4.11 per cent.
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