India's IndiGo among top 2 Nifty gainers as crude price cools

Interglobe Aviation

21/05/2026 08:40

** Shares of Indian airline IndiGo INGL.NS jump 4% to 4,434 rupees

** Stock is second-biggest pct gainer on benchmark Nifty 50 .NSEI which is down 0.15%

** Gains come after Brent crude futures fell 5.6% to $103 per barrel on Wednesday on hopes of a U.S.-Iran peace deal, after crossing $110 earlier this week

** Brent crude futures trade 1.4% higher at $106.45 per barrel on Thursday

** Crude prices are a major raw material cost for airlines such as INGL, which generally do not hedge fuel

** INGL has slumped 8.1% since the start of the Iran war, which has consistently pushed crude prices higher

** YTD, INGL down 12.3% vs Nifty's 9.6% drop

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))