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Top Gainers & Losers on May 6: Coforge, Vodafone Idea, HFCL, BPCL, Tata Motors, IndiGo among top gainers
On May 6, Indian markets closed higher with the Nifty 50 up 1.24% and the Sensex gaining 1.22%, driven by easing US-Iran tensions. Notable gains were seen in technology and auto stocks, although several shares faced declines amid profit booking.
Airline stocks rally after Centre approves ECLGS 5.0 amid West Asia crisis
Shares of SpiceJet rose 4.96%, while InterGlobe Aviation gained 3.24% after the Union Cabinet approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 for MSMEs and airlines affected by the West Asia conflict.
Aviation stocks rally on ECLGS 5.0 relief; IndiGo, SpiceJet rise up to 5%
IndiGo, SpiceJet shares gained on Wednesday after govt approved ECLGS 5.0 to support airlines amid West Asia crisis. Analysts said fuel costs, traffic slowdown remain key risks for the aviation sector
Spicejet Locked In Upper Circuit, Indigo Shares Up 4% After Government Clears THIS Scheme
The gains followed the Union Cabinet's approval of ECLGS 5.0, which is designed to ease liquidity pressures on MSMEs and airlines.
Stock Market Today: Sensex zooms 600 pts, Nifty above 24,200; IndiGo and M&M top gainers - Zee Business
Stock Market Today: Sensex zooms 600 pts, Nifty above 24,200; IndiGo and M&M top gainersZee Business
Power bank explodes on IndiGo flight shortly before landing at Mohali
An IndiGo flight from Hyderabad to Chandigarh experienced a scare after landing at Mohali. A passenger's power bank caught fire, filling the cabin with smoke. The cabin crew quickly extinguished the flames. All passengers were safely evacuated from the aircraft. A few passengers sustained minor injuries during the evacuation process.
IndiGo issues travel advisory after missiles launched towards UAE from Iran, airline says 'there may be changes to flight schedules'
IndiGo has issued a travel advisory warning of potential flight disruptions following the UAE's report of detecting four cruise missiles launched from Iran. The airline is advising passengers to check flight statuses due to the evolving security situation in the Middle East. Updates will be provided via registered contact details.
IndiGo ropes in former Airbus executive for AI push
IndiGo has appointed Jochen Hoesch, previously at Airbus, to head its AI, data, and analytics. This move highlights the airline's commitment to enhancing operational efficiency and customer experience through advanced technology. IndiGo is investing in its digital infrastructure to stay future-ready.
IndiGo's Head of Global Sales Vinay Malhotra resigns
Vinay Malhotra, IndiGo's Head of Global Sales, has resigned. He will leave his position on July 3. Malhotra is seeking new opportunities outside the airline. This follows recent leadership changes at the country's largest airline. IndiGo previously announced William Walsh as its new CEO and Aloke Singh as Chief Strategy Officer.
IndiGo flight makes emergency landing in Raipur after passenger falls unconscious onboard
After completion of necessary procedures and the situation normalised, the flight resumed its journey to Pune at around 1 pm, an official said.
SENSEX drops over 700 points, NIFTY50 opens under 24,000 on weak global cues; IndiGo, Eternal among top losers - Upstox
SENSEX drops over 700 points, NIFTY50 opens under 24,000 on weak global cues; IndiGo, Eternal among top losersUpstox
IndiGo may see near-term pressure; Eternal upside limited: Dharmesh Kant
Dharmesh Kant, Head Research at Chola Securities, outlined a mixed sector view. He expects a temporary impact on InterGlobe Aviation due to fuel costs but sees structural strength supporting recovery. On Eternal, he flagged execution risks in expansion and margin assumptions despite near-term valuation support. In defence, he prefers Mazagon Dock Shipbuilders over Garden Reach Shipbuilders & Engineers, citing a strong order pipeline and potential gains from a large submarine contract. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.