Oil Shock: IndiGo, SpiceJet, Asian Paints Plunge 8% as Crude Tops $115

• Crude-sensitive stocks like IndiGo, SpiceJet, and Asian Paints fell up to 8% as oil prices surged above $115 per barrel.
• The sharp rise in crude oil, fueled by US-Israeli conflict escalation and Strait of Hormuz concerns, sparked fears of higher input costs and inflation.
• Airlines, tyre manufacturers (JK Tyre, Apollo Tyres), and paint companies (Berger Paints, Kansai Nerolac) saw significant losses.
• Broader market also suffered, with Sensex down 2,401 points and Nifty falling 727 points; India VIX jumped over 20%.
• Analysts warn of a 'major macro shock' for big oil importers like India, expecting prolonged pressure if crude prices remain elevated.