Mumbai: The market is expected to be volatile and remain in the corrective phase this week as disruption due to implementation of goods and services tax (GST) may linger for sometime. Ahead of the GST roll out, sales of domestic passenger vehicle slipped in June from a year ago. Aviation stocks will also be in focus as public sector oil marketing companies will revise jet fuel prices towards the closing of this month, said Vijay Singhania, founder-director, Trade Smart Online. Aviation turbine fuel or jet fuel constitutes more than 50% of operating cost for airliners. Prices of jet fuel are directly linked to crude oil prices.

Source: Mint July 03, 2017 03:45 UTC