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Airline stocks Indigo, SpiceJet surge 10% on India-Pakistan ceasefire. Should you buy, sell or hold?
Airline stocks Indigo, SpiceJet surge 10% on India-Pakistan ceasefire. Should you buy, sell or hold?

Mint

time12-05-2025

  • Business
  • Mint

Airline stocks Indigo, SpiceJet surge 10% on India-Pakistan ceasefire. Should you buy, sell or hold?

Shares of InterGlobe Aviation (Indigo) and Spicejet surged by 10% during Monday's trading session after India and Pakistan announced on Saturday that they had reached an agreement to halt all military actions and firings on land, air, and sea. The reduction in border tensions between India and Pakistan has reportedly raised expectations for the normalization of airline operations. This development followed India's initiation of 'Operation Sindoor' on May 7, aimed at targeting terror infrastructure located in Pakistan and Pakistan-occupied Kashmir, in response to the terror attack in Pahalgam. Investor confidence received an extra boost when the government permitted operations at 32 airports, including those in border regions of Jammu and Kashmir and Punjab, which had been temporarily closed due to the military conflict with Pakistan. The Notice to Airmen (NOTAM) was issued just two days after both nations agreed to cease military activities. The stock market indices also saw a significant rebound on Monday, with the Sensex increasing by 2,500 points and the Nifty 50 exceeding the 24,700 mark, as the easing of geopolitical tensions between India and Pakistan, alongside encouraging US-China trade discussions, improved investor sentiment. This represents the largest one-day gain in the past 11 months. Indigo share price today opened at ₹ 5,434.70 apiece on the BSE, the stock touched an intraday high of ₹ 5,599 apiece, and an intraday low of ₹ 5,413.60 per share. Anshul Jain, Head of Research at Lakshmishree Investments said that Indigo share price opened with a bullish gap-up, briefly testing the breakout zone near ₹ 5,600. 'For fresh upward momentum, it must sustain above this key level—doing so could trigger a move toward the ₹ 6,000 mark. Traders should watch for strong follow-through buying above ₹ 5,600 to confirm the breakout. On the downside, ₹ 5,375 remains a crucial support level; any dip toward it may attract buying interest. Momentum traders should stay alert for volume spikes near these zones,' advised Jain.

What has happened in India and Pakistan as they fight over Kashmir killings
What has happened in India and Pakistan as they fight over Kashmir killings

TimesLIVE

time07-05-2025

  • Politics
  • TimesLIVE

What has happened in India and Pakistan as they fight over Kashmir killings

India launched strikes on Pakistan and Pakistani Kashmir on Wednesday, an assault Pakistan has called a "blatant act of war" as tensions spiral after a deadly attack on tourists in Indian Kashmir. India said its Operation Sindoor struck nine Pakistani sites on Wednesday that provided "terrorist infrastructure" and where attacks against it were orchestrated. Sindoor is the red vermilion powder worn by married Hindu women, an apparent reference to the widows created by the April 22 attack that killed 26 men, most of them Hindu. Islamabad said six Pakistani locations were targeted, and 24 impacts were felt from different weapons. A Pakistan military spokesperson told Reuters his country shot down five Indian aircraft while they were in Indian airspace. India has not confirmed the claim. Four local government sources in Indian Kashmir told Reuters three fighter jets had crashed in separate areas of the Himalayan region during the night. All three pilots had been hospitalised, the sources said. The two armies exchanged intense shelling and firing at different points across their de-facto border in Kashmir. Pakistan said eight people were killed, 35 injured and two were missing after the attack. India said seven civilians were killed and 35 injured in cross-border shelling by Pakistani troops in Kashmir. India shut several airports and as a result, and Indigo and Spicejet airlines cancelled flights. Air India diverted two of its international flights. Qatar Airways temporarily suspended flights to Pakistan. Pakistan International Airlines said airborne flights had been diverted to Karachi, while those on ground have been put on hold. Pakistan's Punjab province declared a state of emergency, with hospitals and security forces on high alert. Muzaffarabad, the capital of Pakistani Kashmir, lost power for a while after the explosions. Schools in much of India's Jammu and Kashmir were shut on Wednesday.

Air India and Air India Express cancel flights amid tensions between India and Pakistan
Air India and Air India Express cancel flights amid tensions between India and Pakistan

Times of Oman

time07-05-2025

  • Times of Oman

Air India and Air India Express cancel flights amid tensions between India and Pakistan

New Delhi: Amid ongoing tensions between India and Pakistan following the Indian Army's precision strikes on Pakistani terror camps, Air India and Air India Express airlines on Wednesday cancelled all flights to and from certain locations in the country till noon today. Taking to social media X, the Air India stated that flights from Jammu, Srinagar, Leh, Jodhpur, Amritsar, Bhuj, Jamnagar, Chandigarh and Rajkot would be cancelled till further notice and updates from authorities. "In view of the prevailing situation, Air India has cancelled all its flights to and from the following stations - Jammu, Srinagar, Leh, Jodhpur, Amritsar, Bhuj, Jamnagar, Chandigarh and Rajkot - till 12 noon on 7 May, pending further updates from authorities. Two international flights en route to Amritsar are being diverted to Delhi. We regret the inconvenience caused due to this unforeseen disruption," the post read. Taking to social media X, Air India Express airlines in a post regretted the inconvenience and requested guests to confirm their flight status. "Multiple flights on our network are impacted due to prevailing restrictions. For alerts and notifications on flights, please ensure your contact details are updated on the post read. Meanwhile, Spicejet airlines also issued a flight advisory for the airports in the northern parts of the country. Taking to social media X, the airlines in a post wrote that airports including Dharamshala, Leh, Jammu, Srinagar and Amritsar would be closed until further notice, further stating that departures, arrivals and consequential flights would also be impacted. The airlines also requested passengers to plan their journey accordingly and check their flight status before flying. "Due to the ongoing situation, airports in parts of northern India, including Dharamshala (DHM), Leh (IXL), Jammu (IXJ), Srinagar (SXR), and Amritsar (ATQ), are closed until further notice. Departures, arrivals, and consequential flights may be impacted. Passengers are advised to plan their journey accordingly and check flight status," the post read.

After India's Operation Sindoor strikes on Pakistan, several airports closed - Here's a list
After India's Operation Sindoor strikes on Pakistan, several airports closed - Here's a list

Hindustan Times

time06-05-2025

  • Hindustan Times

After India's Operation Sindoor strikes on Pakistan, several airports closed - Here's a list

After India conducted its Operation Sindoor strikes across nine terror sites in Pakistan, Spicejet and other airlines issued a flight advisory for several airports in the northern part of India. Air India and Indigo announced that flights will be impacted, further urging travellers to check updates before their journey. Several airports in India were impacted after strikes in Pakistan(Reuters) In updates on X, platform formerly known as Twitter, the airlines noted that airports in Dharamshala, Leh, Jammu, Srinagar and Amritsar would be closed until further notice, further stating that departures, arrivals and consequential flights would also be impacted. Read More: 'Temporary pleasure': Pak vows retaliation to India's 'Operation Sindoor' In a tweet, Air India also mentioned that flights to Rajkot, Bhuj and Jamnagar will be affected till at least 12 noon on May 7. 'In view of the prevailing situation, Air India has cancelled all its flights to and from the following stations – Jammu, Srinagar, Leh, Jodhpur, Amritsar, Bhuj, Jamnagar, Chandigarh and Rajkot – till 12 noon on 7 May, pending further updates from authorities. Two international flights en route to Amritsar are being diverted to Delhi. We regret the inconvenience caused due to this unforeseen disruption,' Air India posted. Meanwhile, Indigo Airlines also issued a flight advisory. In a social media post, it said flights to and from Srinagar, Jammu, Amritsar, Leh, Chandigarh and Dharamshala would be impacted. Furthermore, flights to and from Bikaner would also be impacted due to the current airspace restrictions. "Update: Flights to/from #Bikaner are also impacted by the current airspace restrictions. We request you to check your flight status before reaching the airport," the latest update read. Read More: Pakistan airspace cleared after India's Operation Sindoor targets 9 terror sites List of airports closed Dharamshala (DHM) Leh (IXL) Jammu (IXJ) Srinagar (SXR) Amritsar (ATQ) Chandigarh List of flight destinations impacted Rajkot Bhuj Jamnagar Bikaner

Delhi Rain News Updates: Delhi-NCR hit by heavy rain, waterlogging reported; airlines issue advisory
Delhi Rain News Updates: Delhi-NCR hit by heavy rain, waterlogging reported; airlines issue advisory

Economic Times

time02-05-2025

  • Climate
  • Economic Times

Delhi Rain News Updates: Delhi-NCR hit by heavy rain, waterlogging reported; airlines issue advisory

The strong winds caused the collapse of a metal structure at Terminal 3 of Delhi Airport. The city recorded a minimum temperature of 26.8°C, which is 2.1°C above the seasonal average. The weather department has forecast more thunderstorms with rainfall, with the maximum temperature likely to reach around 37°C. Early Friday morning, Delhi and the National Capital Region (NCR) experienced a dust storm accompanied by heavy rain and thunderstorms, offering a welcome break from the intense heat. Delhi Rain Live Updates: Spicejet wanrs fliers Spicejet in its advisory said, "As per the Indian Meteorological Department, easterly winds are expected between 26th April and 4th May 2025, potentially affecting flight operations to/from Delhi. All departures, arrivals, and connecting flights may be impacted. Passengers are requested to keep a check on their flight status via Delhi Rain Live Updates: IndiGo issues advisory Indigo also issued an advisory saying, "A thunderstorm is expected in Delhi. If you're flying with us, we're here to support you every step of the way. Please check your flight status before leaving." Delhi Rain Live Updates: Air India issues advisory In an advisory, Air India said, "Thunderstorms and gusty winds have affected flight operations in parts of Northern India. Some of our flights to and from Delhi are being delayed, which is likely to impact our overall flight schedule. We are doing our best to minimise disruptions. We advise our guests to check the latest status of their flights here before heading to the airport." Delhi Rain Live Updates: Waterlogging reported in Khanpur area Delhi Rain Live Updates: IMD issues advisory The India Meteorological Department (IMD) has issued a severe weather alert for Delhi-NCR, warning of strong winds, hail, and thunderstorms that could lead to the uprooting of trees, damage to power lines, and harm to standing crops. Vulnerable structures, kutcha houses, and open areas may also face partial damage, with risks posed by flying debris. The IMD has advised residents to stay indoors, avoid sheltering under trees, unplug electronic appliances, and stay away from water bodies and electrical conductors. Delhi Rain Live Updates: Visuals from near Akshardham flyover Delhi Rain Live Updates: Gusty winds upto 62kmph reported Recorded squally winds in gust at during 0530-0550 Pragati Maidan 78 kmph; Lodhi Road 59 kmph; Pitam Pura 59 kmph; Nazafgarh 56 kmph; IGNOU 52 kmph; Palam 62 kmph. Moderate to intense spell reported over Delhi. Delhi Rain Live: IMD had predicted rain On Thursday, the weather office said thunderstorm with rain is likely and the maximum temperature is expected to settle around 37 degrees Celsius. Delhi Rain Live: Heavy waterlogging in many areas of Delhi following rain Delhi Rain Live: Visuals Delhi rain Following the rain, waterlogging has been reported in many areas. Delhi Rain Live: Metal structure collapses at terminal 3 of Delhi airport due to strong winds Rain lashes Delhi NCR In a relief from intense heat, Delhi and the national capital region (NCR) witnessed dust storm accompanied by heavy rainfall and thunderstorm on early Friday morning. Delhi recorded a minimum temperature of 26.8°C, 2.1°C higher than the seasonal average. The weather office predicted thunderstorms with rain, and the maximum temperature is expected to reach around 37°C.

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