There was a tremendous rise in the stock market on Wednesday, due to which almost all the small and big companies in the market have seen a rise. Due to this boom, there has been a rise in the shares of the parent company of the country’s leading domestic airline Indigo. Shares of InterGlobe Aviation rose as much as 11% in morning trading on Wednesday, April 8.
The reason for this was that after the announcement of two-week ceasefire between America and Iran, there was a big fall in the prices of crude oil. Shares of IndiGo, which had fallen by 11.5% since the start of US-Iran tension on February 28, have now become the highest growing shares in Nifty 50. Today the shares on NSE rose by 11.13% to reach 4,744 and the company recovered its losses.
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Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
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