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21 May 2020

Domestic flight Reopening Giving Boom To Share Market

According to reports coming in equity indices are now today trading in green as aviation sector today are booming after the news of the reopening of Aviation industry on May 25th, 2020.

After 2 months of lockdown and the stoppage of Civil Aviation industry amid lockdown.  

The shares price of this industry have gone down comparatively and yesterday when the news of reopening of domestic flight services was taken by a boom in the share prices of this sector.

The share price of interglobe Aviation which is the parent company of Indigo rose upto 8.2%. while share prices of SpiceJet surged to 4.8%.

Bajaj auto, Hero MotoCorp and Eicher motors also among the biggest gainers of today.

Among other gainers banking sector such as HDFC Bank ICICI Bank SBI have also gained momentum of 4.6%.

NTPC, Bharti Airtel, Bharti infratel, Bharat petroleum other various other sectors which are gaining momentum today.

BSE has gained 158 points and has been trading in green at 30,978.  With Nifty up by 48 points. It's trading at 9115.

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