** Shares of InterGlobe Aviation INGL.NS, parent of Indian airline IndiGo, jump 3.75% to 4,671.50 rupees,

** Oil prices fell on Friday, extending losses from the previous session after President Donald Trump canceled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week

** Brent futures shed 1.3% to $89.17 a barrel at 0042 GMT

** India last week approved a 100 billion-rupee ($1.05 billion) fuel stabilisation fund to help keep jet fuel prices in check for airlines

** Jet fuel is among the biggest costs for airlines and can account for up to 40% of operating expenses

** Twenty-three analysts rate the stock "buy" on avg; median PT 5,277.50 rupees - data compiled by LSEG

** YTD, INGL down 7.7%

($1 = 95.2600 Indian rupees)