IndiGo, SpiceJet hit lower circuit after govt suspends domestic flights

The move is part of the nationwide lockdown that the government has imposed to stem the spread of coronavirus. India had banned international flights for a week on March 20.

Aviation stocks including SpiceJet and InterGlobe Aviation-run IndiGo crash landed at the bourses today after the central government announced suspension of the domestic flights beginning the 23:59 hours of March 24 in the wake of coronavirus (Covid-19) outbreak. While SpiceJet was locked in the 5 per cent lower circuit at Rs 31.85 apiece on the BSE, IndiGo hit its 10 per cent lower limit at Rs 765.05 before recovering maerginally to trade 8.6 per cent lower at Rs 776.50.

"The operation of all scheduled domestic flights (except all-cargo flights) by any aircraft operator holding an air operator certificate issued by Directorate