SpiceJet (up 2.76%), Kingfisher Airlines (up 2.44%) and Jet Airways (India) (up 1.66%), edged higher.
The BSE Sensex was down 76.10 points, or 0.40% at 19,147.18.
A key panel led by economic affairs secretary Arvind Mayaram has reportedly called for hiking the foreign investment caps in nearly all sectors, including defence and telecom, and permitting automatic approval to proposals entailing 49% foreign equity infusion.
According to reports, the committee, which was set up by Finance Minister P Chidambaram to review the sectoral caps, has suggested that the Foreign Direct Investment (FDI) ceiling in aviation sector be raised to 100%.
Last year, the government approved foreign airlines to make foreign investment of up to 49% in scheduled and non-scheduled air transport services in India.
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