Business EconomyPosted at: Apr 8 2026 4:53PM


IndiGo shares jump over 8 Pc due to steepest fall in crude oil prices and de-escalation between US and Iran

New Delhi, April 8 (UNI) Shares of InterGlobe Aviation surged sharply on Wednesday, closing over 8 per cent higher, as a steep fall in global crude oil prices and easing geopolitical tensions in the West Asia triggered a strong rally in aviation stocks.
At 3.30 p.m., the InterGlobe Aviation stock was at Rs 4,614, up Rs 345.20 or 8.09 per cent, after touching an intra-day high of Rs 4,744, reflecting robust investor confidence in the airline’s cost outlook.
The rally comes amid signs of de-escalation in tensions involving the United States and Iran, which have helped calm fears of prolonged disruption in global energy supplies.
The biggest trigger behind the surge was the sharp correction in global oil prices.
Benchmark Brent Crude Oil plunged nearly USD 14 per cent to around USD 93.80 per barrel, marking one of the steepest single-day declines in recent months.
The fall follows a period when crude had surged past USD 100 amid heightened geopolitical uncertainty.
For airlines, fuel costs form a significant portion of operating expenses, and any decline in oil prices directly boosts profitability.
The sharp drop in crude is expected to reduce aviation turbine fuel (ATF) costs, thereby improving margins for carriers like IndiGo.
The broader market sentiment remained upbeat, with investors turning risk-positive as geopolitical concerns softened and commodity prices cooled.
Aviation stocks, which had been under pressure due to elevated oil prices and uncertainty, witnessed renewed buying interest.
In the near term, the twin tailwinds of falling crude prices and easing tensions have positioned IndiGo as a key beneficiary, supporting a sharp re-rating of the stock and strengthening investor confidence in the aviation sector.
UNI SAS KK
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