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The Economic Times
The Economic Times
Veer Sharma

IndiGo, SpiceJet and other tourism stocks surge up to 7% as US-Iran deal lifts sentiment

IndiGo United States SpiceJet Iran Donald Trump Strait of Hormuz India

Shares of major airlines such as InterGlobe Aviation, the parent of IndiGo, and SpiceJet, as well as online travel firms like ixigo and Easy Trip Planners, soared up to 7% on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said an initial agreement had been reached to end the war and restore shipping through the Strait of Hormuz.

IndiGo shares gained 4.5% to their day's high of Rs 4,920, while fellow airline SpiceJet soared 7.35% to Rs 13.20. Booking platforms ixigo and Easy Trip planners gained 6% and 2%, respectively.

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