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VERIFIEDET Stocks·negative
IndiGo, SpiceJet & other travel stocks plunge up to 7%. Two big reasons why
AI Summary
- ·IndiGo, SpiceJet, ixigo, Thomas Cook, and Yatra Online stocks declined significantly.
- ·Prime Minister Narendra Modi advised citizens to refrain from non-essential foreign travel for one year.
- ·Increasing crude oil prices raised aviation turbine fuel costs, impacting margins and demand.