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, following a 42% crash. This sharp decline in fuel costs, driven by easing supply concerns after progress in the Iran conflict, significantly boosted aviation stock sentiment.…
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