SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD FEB 05
MCX SILVER MAR 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD FEB 05
MCX SILVER MAR 05
MCX CRUDEOIL FEB 19
MCX NATURALGAS JAN 25
USD/INR
EUR/INR
GBP/INR
JPY/INR

Christopher Wood remains bullish on Indian markets despite run-up; prefers real-estate sector

Global Markets: Asia shares pare losses as China economy rebounds

Oil prices extend gains after US inventory drop

Wrapping 2020 with a subtle depreciation- What’s on the cards for the Rupee in 2021?

Aviation

Aviation stocks fly high after cap on domestic flights' capacity raised to 80%; SpiceJet jumps 13%

Updated : December 04, 2020 01:43 PM IST

IntergGlobe Aviation (IndiGo) stock price gained 6 percent to day's high of Rs 1742.70 per share on BSE.

Domestic operations recommenced with 30,000 passengers on May 25 and has now touched a high of 2.52 lakhs.

Shares of aviation stocks jumped on Friday after the government increased the cap on domestic flights from 70 percent to 80 percent of pre-COVID levels or total capacity.

Civil Aviation Minister Hardeep Singh Puri in a tweet announced that the Ministry of Civil Aviation is now allowing domestic carriers to increase their operations from existing 70 percent to 80 percent of pre-COVID approved capacity. He added that domestic operations recommenced with 30,000 passengers on May 25 and have now touched a high of 2.52 lakhs on November 30, 2020.

SpiceJet shares rose as much as 13 percent to its day's high of 91.85 per share while the IntergGlobe Aviation (IndiGo) stock price gained 6 percent to day's high of Rs 1742.70 per share on BSE.

The minister had said on November 11 that the Indian airlines can operate up to 70 percent of their pre-COVID domestic passenger flights due to the prevailing demand amid the coronavirus situation.

In the past one month, SpiceJet has risen nearly 90 percent after the US Federal Aviation Administration lifted the ban from flying the Boeing 737 Max aircraft after two years of grounding.

You May Also Like

COVID-19: 14,256 fresh cases in India; tally at over 1.06 crore

COVID-19: 14,256 fresh cases in India; tally at over 1.06 crore

GoAir offers 1 million seats at Rs 859 each on domestic travel

GoAir offers 1 million seats at Rs 859 each on domestic travel

PNB raises Rs 495 crore via AT-1 bonds

PNB raises Rs 495 crore via AT-1 bonds

Trending on CNBC-TV18

Live TV

recommended for you