IndiGo shares skyrocket 11% as crude oil price nosedives 16% amid US-Iran ceasefire — Time to buy?
Shares of InterGlobe Aviation, which operates budget carrier IndiGo, rose 11% in the morning trade on Wednesday, April 8, boosted by a sharp decline in crude oil prices today following the announcement of a two-week ceasefire in the US-Iran war.
IndiGo, which has lost 11.5% since the onset of the US-Iran war on February 28, emerged as the top gainer in the Nifty 50 pack and erased all of its losses amid a 11.13% rally to ₹4,744 apiece on the NSE today.
