Earlier in FY20, the benchmark Sensex tanked 23.8 per cent due to the outbreak of the Covid-19 pandemic, while the Nifty 50 crashed 26.03 per cent.
In a month, IndiGo shares have declined over 10 per cent, compared to Sensex's fall of over 7 per cent
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Airline stocks came under pressure as conflict in the oil-rich West Asia raised concerns over rising ATF prices
According to a Nomura note dated March 22, industrial diesel prices were increased to ₹109.59 per litre from ₹87.57 per litre on March 20, marking a jump of about 25 per cent
Aviation stocks: IndiGo and SpiceJet face pressure from high oil prices, DGCA free-seat rule, and West Asia tensions. Analysts advise caution despite up to 55 per cent drop in stock price in 2026
As of 10:44 AM, IndiGo share price was quoted at ₹4,349.80, up 1.45 per cent, and the SpiceJet share price was quoted at ₹13.10 per share, down 1.8 per cent.
The parent of IndiGo said it will operate 252 weekly flights to and from the West Asia between March 16 and March 28, 2026
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