Gift Nifty futures were trading 168 points or 0.69 per cent lower at 24,050 levels, signalling a gap-down start. Meanwhile, shares of HCL Tech, Asian Paints and Biocon will be in focus today.
While renewed geopolitical tensions in West Asia are likely to keep markets choppy, the Nifty 50 could rise to 26,500 by June 2027, around 10 per cent upside from current levels, Goldman Sachs said.
Notably, aviation turbine fuel (ATF) accounts for about 40 per cent of airline operating expenses, making airlines highly sensitive to crude prices.
Stocks to watch today: HCL Tech, DMart, IndiGo and oil marketing companies are among key stocks to track today amid results announcement and rising crude oil prices.
Q1FY27 aviation preview: Key monitorables, Elara Capital said, are the extent of impact on international operations and rise in fuel/non-fuel costs from lower aircraft utilisation & rupee weakening
The sentiment was further hit by a rise in crude oil prices after the US military launched airstrikes against Iran and reimposed crude sales sanctions
Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.
IndiGo said the entry-level offering is aimed at passengers who do not require checked baggage, allowing them to pay only for the services they useIndiGo on Wednesday launched a new fare option, 'Indi
Analysts at Axis Securities believe Nifty's strong June rollovers suggest a likely bullish conviction for the July series.
IndiGo on Tuesday announced the resignation of its Chief Human Resources Officer Sukhjit Singh Pasricha, who has been with the airline for over eight years, and will be replaced by Kanwal Jeet Singh Bakshi. Bakshi is currently the Group Head of Human Resources at InterGlobe Enterprises. The resignation of Pasricha marks another senior-level exit at the country's largest airline, IndiGo, since the massive operational disruptions in December 2025. CEO Pieter Elbers departed in March and Head of Global Sales Vinay Malhotra is set to leave next month. Jason Heter, who was heading the Operations Control Centre (OCC) left earlier this year. In a regulatory filing on Tuesday, InterGlobe Aviation, which operates the airline under the brand IndiGo, said Pasricha has resigned and will be relieved from the services on July 19. Bakshi from InterGlobe Enterprises, the parent of InterGlobe Aviation, would take over Pasricha's role of Chief Human Resources Officer (CHRO) from July 20. Pasricha,
On Thursday, IndiGo stock rallied nearly 5% as crude oil prices dipped below US-Iran war levels. The airline stock logged its biggest monthly rally in March 2019.
IndiGo's FY26 results underlined that demand remains strong, despite a host of challenges spanning internal/external disruptions and cost escalations throughout the year, analysts say.
ATF typically accounts for about 40 per cent of airline operating expenses and can rise to as much as 60 per cent during periods of sharp volatility.
A note "misinterpreted" as a bomb threat by the cabin crew of a Mumbai-Kannur IndiGo flight that landed at the international airport here on Wednesday triggered an emergency alert and a full-scale security response. The note was found in a waste bin inside one of the lavatories of the aircraft that landed at the airport around 3.20 pm. Following the discovery, the cabin crew informed the Air Traffic Control (ATC) and other authorities, police said. An emergency alert was issued at the airport and after landing, the aircraft was moved to an isolation bay for security checks. The bomb and dog squad teams conducted a thorough inspection of the aircraft, but nothing suspicious was found, they said. Police said the note did not contain a bomb threat and it was "misinterpreted" by the cabin crew.
IndiGo, in its recently held analyst meet, reiterated its ambition to raise international capacity share to around 40 per cent by FY30 from the current 30 per cent, according to a note by Elara.
Despite this curtailment, India's largest airline said it has "managed to retain" majority of its international operations, which now stands at over 1,800 weekly international flights
IndiGo airlines reported a ₹2,536 crore net loss in Q4FY26, but analysts remain positive on strong demand, fare growth, fleet expansion, cost savings and stock valuations
Stocks to Watch today, June 1: From IndiGo to Eternal, here is a list of shares that will remain in focus today
The airline had a profit of Rs 3,067.5 crore in the year-ago period
IndiGo, SpiceJet shares gained on Wednesday after govt approved ECLGS 5.0 to support airlines amid West Asia crisis. Analysts said fuel costs, traffic slowdown remain key risks for the aviation sector