Airline stocks jumped on Tuesday after the Brent crude slipped to its lowest level in five years today, dropping below USD 66 a barrel after plunging more than 4% the day before on worries over a deepening supply glut. Brent for January settlement was off 68 cents a barrel at USD 65.51 a barrel. The contract had lost USD 2.88 a barrel to settle at USD 66.19 a barrel during the previous tradingsession yesterday, Dec. 08, 2014.

Shares of Jet Airways climbed the most with gain of 8.28% followed by Spicejet by 3.28%.