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India's MSCI Emerging Markets index surged from 8% in June 2020 to 17.9% currently. With ongoing domestic institutional flows and steady FII participation, India may exceed 20% in the MSCI EM Index by 2024.
The share of IndiGo parent, Interglobe Aviation, fell 1.22 per cent to Rs 3,091.95 on the BSE, after plunging to Rs 2,991.70 on the news, while SpiceJet fell 2.52 per cent to Rs 68.18, touching a low of Rs 66.37
A parliamentary panel has proposed route-specific capping of airfare and a separate entity to regulate and control air ticket prices
Shares of InterGlobe Aviation Ltd , the parent firm of IndiGo, slipped nearly 5% today after a Parliamentary panel proposed route-specific capping of airfares and setting up of a separate entity to exercise control over air ticket prices, amid concerns in various quarters about surging fares. InterGlobe Aviation stock fell 4.7% to Rs 2982.40 against the previous close of Rs 3130.15 on BSE. Earlier, InterGlobe Aviation shares opened flat the same level.Total 0.24 lakh shares of the firm changed hands amounting to a turnover of Rs 7.39 crore.
On the technical charts, the 200-day moving average of the stock stood at Rs 2588.92.