IndiGo share price zooms- Sensex opens mildly lower, Nifty below 10,950; Asian Paints, Yes Bank shares up 1%
Stock Market Live: The domestic stock markets –Sensex and Nifty–opened lower on Wednesday, tracking weak global cues. Sensex is down 26 points to 36,416.23, while the Nifty is trading below the 10,950-mark. Yes, Bank shares gained more than 1.5% to Rs 195, while Asian Paints shares jumped more than 1.6% to Rs 1,430 after robust Q3 results.
Asian stocks edged down on Wednesday on mounting signs of slowing global growth and anxiety over a yet-unresolved Sino-U.S. trade dispute. Japan’s Nikkei dropped 0.7 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent. On Wall Street, the S&P 500, the Nasdaq and the Dow all posted their biggest one-day percentage drops since Jan. 3 on Tuesday. The S&P lost 1.42 percent, Reuters reported. We bring to you LIVE updates.
IndiGo share price zooms 6% after firm retains highest market share in December
Shares of India’s major low-cost airline gained in trade on Tuesday, after the firm retained the top spot in terms of market share in the month of December. IndiGo shares gained by nearly 6% to an intra-day high of Rs 1,126.40 on BSE. According to the latest figures provided by Directorate General of Civil Aviation (DGCA), IndiGo’s market share has increased marginally to 43.2% from 43% in the month of November. Notably, the airline is scheduled to report Q3 results tomorrow.
IndiGo’s huge market share is followed by state-run carrier Air India (12.4%), SpiceJet (12.3%) and Jet Airways (12.2%). GoAir’s market share came in at 8.8%. For the calendar year 2018, IndiGo held on to the highest market share of 41.5%, with Jet Airways coming at the second spot (13.8%), followed by state-run Air India (12.7%). SpiceJet (12.3%), GoAir (9%) were the next on the list.
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