India's IndiGo extends losses as Trump says Iran deal over

Interglobe Aviation

08/07/2026 10:23

Updates
** Shares of IndiGo INGL.NS extend losses, last down 5.41% at 5104.5 rupees, their biggest intraday pct drop since August 28, 2025

        ** Stock biggest loser on Nifty 50 .NSEI, which is down 2.23%, set for its biggest percentage drop in more than two months
** Broader Indian shares intensified their fall, after U.S. President Donald Trump said a peace memorandum with Iran is "over" as the two countries exchanged strikes, hurting investor sentiment
** Brent crude also up 6.1% at $79 per barrel, after Trump's comments MKTS/GLOB
** Higher oil price are a negative for airlines such as INGL; jet fuel makes up largest expense for carriers
** YTD, stock up 1.12% vs a 8.78% decline in Nifty 50

 (Reporting by Kashish Tandon and Surbhi Misra in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))