IndiGo, SpiceJet surge up to 5% on report of resumption of domestic flights

The move to allow flights comes after the government permitted resumption of passenger train services from May 12. Both rail and flight services have been suspended in India since March 25

Aviation stocks InterGlobe Aviation and SpiceJet surged up to 5 per cent on the BSE on Tuesday, in an otherwise weak market, amid reports that the goverment could soon resume domestic flight operations in India. Additionally, reports suggest InterGlobe Enterprises, the parent of the country’s largest airline IndiGo, has evinced interest in Virgin Australia, Australia’s second-largest aviation company.

Shares of SpiceJet zoomed 5 per cent to Rs 42.95 on the BSE in the intra-day deals. A combined 3.72 million shares have changed hands on the counter on the NSE and BSE so far. 

InterGlobe Aviation's stock price, meanwhile,