Aviation sector stocks were trading under pressure after the government imposed stringent travel curbs to the country as the World Health Organization (WHO) declared the Covid-19 outbreak a pandemic.
Spicejet is currently trading at Rs. 48.35, down by 12 points or 19.88% from its previous closing of Rs. 60.35 on the BSE.
Interglobe Aviation is currently trading at Rs. 1039.95, down by 115.50 points or 10.00% from its previous closing of Rs. 1155.45 on the BSE.
Jet Airways (India) is currently trading at Rs. 18.95, down by 0.95 points or 4.77 % from its previous closing of Rs. 19.90 on the BSE.
The government has suspended all existing visas, except diplomatic, official, UN/international organisations, employment, project visas until April 15. There are more than 1,18,000 confirmed cases of coronavirus and 4,291 deaths in 114 countries. India’s count of infected people is 62.
