The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
The breadth, indicating the overall health of the market, turned negative from positive
IndiGo's co-founder and interim CEO Rahul Bhatia said profitability was significantly impacted by costs pressure from the increases in fuel price and the depreciation of rupee as well as competitive fare environment.
'IndiGo 2018 is a harsh, ultra-lean, mean, zero asset, fighting machine with aspirations of taking on the global long-haul low-cost market.'
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
Investment bankers said retail investors were pulling back, while institutions were being pickier
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
The founders of IndiGo may have thought it's time to go for a rejig of the top leadership team which can take care of the growing demands of an airline that has grown much bigger than they could have ever imagined, says Shyamal Majumdar.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
The number of Indian passengers has jumped more than 20 per cent in the past year
Oil & gas, banking and pharma sector stocks stole the show
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
Relaxing FDI norms will provide a major impetus to employment and job creation.
Indian companies are now more confident about the execution skills of local banks.
The only two truly successful private airlines in India - Jet Airways and IndiGo - have been set up and run by people who knew the ins and outs of the trade well before they took to the skies.
The airline is gearing up to come out with an initial public offer.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
Raamdeo Agrawal, joint managing director at Motilal Oswal Financial Services, tells Sheetal Agarwal key trends in this earnings season and investment themes in Indian markets.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
Financial planners also believe that retail investors should avoid the IPOs or direct stock route because it is too risky for them.
Markets ended weak tracking the expiry of April derivative contracts.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
About Rs 12,000 crore are stuck in India's first hotel district, Delhi's Aerocity, because of red tape.
With oil prices in a free fall, the airline is looking at regaining some of its lost share.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
The government must not enter into what will be a little more than a large-scale transfer of taxpayers' money to the operators of private hospitals.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Sensex,Nifty to remain under pressure through the week.
Analysts have questioned the Aditya Ghosh-led company's negative net worth due to a huge dividend payout ahead of an IPO.
Analysts question negative net worth because of dividend payout ahead of IPO.
IndiGo, Jet, SpiceJet and GoAir demand level playing field in aviation policy, say government can't favour only two new airlines.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Bank shares were the top gainers led by ICICI Bank.
Whatever the final outcome of this unhappy episode, one thing is clear: a glass once cracked cannot be fixed. The trust is gone forever and the relationship between two old friends lies in tatters. For now, IndiGo, the airline, will have to learn to soar with two angry and distracted commanders, says Anjuli Bhargava.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
