Mumbai: Shares of IndiGo and SpiceJet fell sharply on Thursday after news of a crash involving an Air India flight at Ahmedabad airport. The fall in these airline stocks happened during a tough trading day.
According to the Gujarat State Police Control Room, an Air India plane crashed during takeoff at the Sardar Vallabhbhai Patel International Airport in Ahmedabad. The news was still developing during market hours. No detailed updates were available immediately.
Soon after the report, shares of IndiGo dropped 3.4 percent during the day to a low of Rs 5,437.50 on the NSE. SpiceJet shares also went down by 2.6 percent to Rs 44.30.
The overall market was already under pressure. Global tensions, especially in the Middle East, and caution ahead of the F&O expiry added to the negative mood. The Sensex dropped by over 900 points and touched a low of 81,605.82. The Nifty also fell nearly 250 points and slipped below the 24,900 mark.