IndiGo, which has grown rapidly to become India's biggest airline by market share, has now ordered 530 A320 family planes from Airbus, the planemaker said in a statement.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Airline mum on offer plans, sources say it will be looking to raise around Rs 1,000-1,200 crore
The market breadth, indicating the overall health of the market, was positive
The move will help to reduce Air India's distribution cost by 60 per cent
Talks gain ground of strategic stake sale to foreign investor.
Some of Modi's biggest reforms have met with fierce political opposition.
The lower quarterly profit was mainly due to rise in fuel costs, foreign exchange loss and lower yield
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Vistara has a three-class configuration with business, premium economy and economy cabins.
How unbranded hotels are hitching a ride on branded ones for growth. Overall, India's hospitality market has seen close to 7,133 hotel rooms being converted into organised, branded space over the last 36 months, said Jain.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
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.
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.
The breadth, indicating the overall health of the market, turned negative from positive
'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.
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
Investment bankers said retail investors were pulling back, while institutions were being pickier
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.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
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.
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
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.
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