- By Aditya Pratap Singh
- Wed, 01 Apr 2026 01:34 PM (IST)
- Source:JND
Aviation stocks surged sharply during intraday trade on Wednesday, with Indigo shares climbing over 9 per cent. InterGlobe Aviation, the parent firm of IndiGo, started the session in green and extended the momentum further, jumping 9.41 per cent to Rs 4,315 on the BSE.
Meanwhile, SpiceJet's share price surged nearly 5 per cent. At the time of writing, the SpiceJet shares were trading at Rs 10.20, up 4.72 per cent.
The rally came amid a price of Aviation Turbine Fuel (ATF), or jet fuel, that was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, mirroring the surge in global oil prices last month. However, the government stepped in to rescue the airlines from the burden and announced that domestic airlines would only have to bear 8.5 per cent of the increased price.
Price Hike Won't Impact Much For Domestic Flights
Domestic airlines will pay half as much as other airlines, such as non-scheduled, ad hoc and charter. Their price rose by Rs 110,703.08 or 114.5 per cent to Rs 207,341.22 per kilolitre. Jet fuel prices were deregulated two decades ago, and rates have since been matched to international prices in accordance with written understandings with airlines.
Fuel Prices Increase Amid Middle East Tension
The unprecedented rise in ATF prices driven by global energy price hikes after the Middle East war, the government and state-owned oil companies have decided to adopt a calibrated approach, news agency PTI reported, citing industry sources.
IndiGo, meanwhile, had announced that it had appointed William Walsh, a pilot and current head of global airline group IATA, as its next CEO.
Stock Market Today
The domestic stock market welcomed Trump's comment on a de-escalation plan from Iran's war. The key equity indices soared over 2.5 per cent in early trade amid massive, broad-based buying.
At the time of writing, the BSE Sensex was trading at 73,635.96, up 1,688.41 or 2.35 per cent. Nifty50 was quoted at 22,830.35, up 498.95 points or 2.23 per cent.
All sectoral indices were trading significantly high with Nifty IT, Nifty Auto, Nifty Bank And Nifty Fin Services being the leaders. The broader market was up as well.