Airline stock: Are they manipulated ?

The price of crude oil fell drastically in the World market. The BSE in Mumbai reacted to that news in frenzy, driving up the Airline stocks. I was just holding my head in my hands. Is the stock market a bit too euphoria driven and less driven by hard facts? Did they think that a drop in world crude prices was going to benefit Airline in India (or anyone else) so quickly...More...