Indian Airline Stocks Soar as Ceasefire Lifts Market Mood

Indian airline shares took to the skies on Monday, rising by as much as 10% in early business as markets applauded the unexpected ceasefire deal between Pakistan and India. The ceasefire deal, announced on the weekend after days of high border tensions, relieved investors straight away and saw a broad across-the-board recovery in the airlines sector.

 

Major Highlights:

With peace negotiations soothing nerves and travel demand poised to recover, Indian airline shares are soaring on renewed optimism.

 

Sources: Fortune India, Times of India, Financial Express