Indian tourism stocks head for worst week in 2 months as Mideast war hits travel demand

BLS International Services

06/03/2026 06:40

** Indian tourism stocks .NIFTYINDTOURISM shed 5.3% so far this week, their steepest weekly fall since early Jan

** Drop comes after U.S. and Israel launched strikes against Iran, which also resulted in the death of Iran's supreme leader

** Analysts say escalations in tensions to hurt travel demand, especially for domestic carriers like IndiGo INGL.NS, which gets 35%-40% of its international capacity from the region

** INGL down 8.6% so far this week, its steepest such fall in three months

** Visa services provider BLS International BLSN.NS drops 7.3% for the week; airports operator GMR Airports GMRI.NS falls 3%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))