Aviation stocks, including IndiGo and SpiceJet gained after crude oil prices declined sharply as supply concerns eased following progress in the Iran conflict. Lower fuel costs lifted sentiment for airlines, while investors assessed the potential recovery in travel demand and normalisation of global aviation operations.
IndiGo and SpiceJet shares rallied up to 4% as crude oil prices plummeted below pre-war levels, marking a 46% crash. This decline in fuel costs, driven by easing supply concerns from the Iran conflict, significantly boosted sentiment for aviation stocks. Investors are now…
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