New Delhi, May 11 (IANS) Aviation and travel-related stocks came under sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to avoid non-essential foreign travel and adopt fuel-saving measures amid rising global uncertainty linked to the ongoing crisis in West Asia.Shares of InterGlobe Aviation — the parent company of IndiGo — led the decline among aviation counters, falling 6.88 per cent during early trade to hit an intraday low of Rs 4,276.80 apiece on the BSE.M…
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Mumbai, May 6 (IANS) Indian equity benchmarks staged a strong late-session rally on Wednesday, with both the Nifty and the Sensex closing sharply higher as global cues turned favourable following a steep drop in crude oil prices.The Nifty climbed 298.15 points, or 1.24 per cent, to settle at 24,330.95, while the Sensex surged 940.73 points, or 1.22 per cent, to end at 77,958.52.Commenting on Nifty technical outlook, experts said that the markets staged a strong rebound, with Nifty closing above …
New Delhi, April 23 (IANS) Aviation regulator the Directorate General of Civil Aviation (DGCA) has issued a warning letter to India’s largest airline, IndiGo, in connection with compliance related to temporary domestic airfare caps imposed by the government in December 2025, the airline’s parent InterGlobe Aviation informed stock exchanges on Thursday.According to the exchange filing available on the bourses, the DGCA letter pertains to certain airfares offered during the period when governmen…
Mumbai, April 15 (IANS) Indian equity markets rallied sharply on optimism over easing geopolitical tensions after US President Donald Trump indicated that the conflict with Iran could be nearing an end, boosting investor sentiment and risk appetite.The benchmark indices ended the session on a strong note, with the Nifty rising 1.63 per cent, or 388.65 points, to close at 24,231.30.The Sensex also gained 1.64 per cent, or 1,264 points, to settle at 78,111.24.Experts said that from a technical per…
Mumbai, April 9 (IANS) Indian equity benchmarks declined on Thursday, snapping their five-day gaining streak, as rising oil prices and uncertainty around the US-Iran ceasefire weighed on investor sentiment.The Nifty closed 0.93 per cent lower, falling 222.25 points to settle at 23,775.10. The Sensex also slipped sharply, ending 1.20 per cent or 931.25 points down at 76,631.65.Commenting on Nifty technical outlook, experts said that the intraday charts showed price action remained range-bound wit…
Mumbai, April 7 (IANS) The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz.Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838.Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 points, hitti…
Mumbai, April 1 (IANS) Indian stock markets ended Wednesday’s session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day.The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak.The Nifty settled at 22,679.40, up 348 points or 1.56 per cent, while the Sensex rose 1,186.77 points or 1.65 per cent to end at 73,134.34.Commenting on Nifty technical outlook…
Mumbai, March 12 (IANS) Indian stock markets opened sharply lower on Thursday as rising crude oil prices and growing geopolitical tensions between the United States and Iran weighed on investor sentiment. Benchmark indices fell in early trade after Brent crude crossed the key mark of $100 per barrel, raising concerns about inflation and economic stability.The Sensex dropped 972.99 points, or 1.27 per cent, to 75,890.72 in early trading. The Nifty also slipped 299.45 points, or 1.22 per cent, to …
New Delhi, March 9 (IANS) An IndiGo flight operating from London to Mumbai that could not complete its journey on March 8 due to ongoing disruptions linked to the conflict in the Middle East will now operate on March 10 after mandatory crew rest.The sources familiar with the matter said arrangements are being made for passengers affected by the disruption.Hotel accommodation and visas are being arranged to assist travellers during the delay.The development comes as several international flights …
Mumbai, March 9 (IANS) Shares of Indian aviation companies on Monday witnessed heavy selling pressure as tensions in the Middle East escalated, pushing crude oil prices past the $110 per barrel mark after major producers reduced output while the Strait of Hormuz remained effectively closed due to the Iran conflict.Several airline and helicopter service provider stocks declined sharply, including InterGlobe Aviation (IndiGo).IndiGo shares ended at Rs 4,236, down around 4 per cent on the BSE. The …