Petrol price Sunday was cut by 20 paise a litre and diesel by 18 paise, the 29th straight daily reduction in rates that has wiped away all of the massive price increase in petrol witnessed in two months since mid-August.

The recent infusion from foreign portfolio investors comes following a net outflow of more than Rs 38,900 crore in October, which was the steepest withdrawal in nearly two years.

The stock has been gaining for the last four days and risen 41.13% in the period. The small cap stock has lost 50.02% during the last one year and fallen 58.88% since the beginning of this year. Interestingly, the stock has gained 57.04% during the last one month.

Due to the structural oversupply that has emerged in the market from record production by many countries, Morgan Stanley said that OPEC cuts are inherently temporary.

The stock has been gaining for the last three days and risen 26.87% in the period.  The small cap stock opened with a gain of 4.46% at 269.25 on the BSE. The stock has lost 61.12% during the last one year and fallen 67.68% since the beginning of this year.

All these carriers have been majorly hit by two cost components - aviation turbine fuel (ATF) costs and currency fluctuations.

Apple appoints Nokia's Ashish Chowdhary to lead India operations; Rupee rises to 72 level against dollar as crude oil price nears $65 per barrel; Binny Bansal quits Flipkart over personal misconduct allegations; Twitter CEO Jack Dorsey meets PM Modi; Govt masterstroke! 14 mega employment zones expected to create 10 million jobs. Watch more in this episode of Business Wrap.

Oil prices were seen climbing to $100 per barrel when sanctions on Iran's oil and gas sector came into effect on November 5. But prices have reversed direction during the last 12 straight days.