IndiGo’s Thailand Boost Works
- 06th March 2025
Aaj Ka Bazaar
Wall Street indices ended higher on Wednesday as investors hoped for an easing of trade tensions between the US and major trading countries, with Trump delaying auto tariffs and considering exemptions for certain products. The Dow Jones Industrial Average rose 1.14%, the S&P 500 gained 1.12%, and the Nasdaq Composite climbed 1.46%. Following this positive close in the US markets, Asian markets also traded higher on expectations of tariff relief. Tracking gains from global markets, Indian benchmark indices are expected to open on a positive note, as indicated by the GIFT Nifty trading in positive territory. However, investor sentiments may fluctuate depending on further developments in US tariff policies and negotiations with its trading partners. On the stock-specific front, IT services firm TCS has entered into a partnership with Vantage Towers, Europe’s second-largest telecom tower operator, to launch a digital service platform to improve the experience of property owners leasing land for telecom tower installations. This platform will streamline service processes, enhance property owner retention, and strengthen telecom site partnerships across Europe.
Markets Around Us
BSE Sensex – 74,081.83 (0.48%)
Nifty 50 – 22,450.45 (0.51%)
Bank Nifty – 48,700.00 (0.43%)
Dow Jones – 42,999.68 (-0.02%)
Nasdaq – 18,553.64 (1.47%)
FTSE – 8,755.84 (-0.04%)
Nikkei 225 – 37,721.58 (0.81%)
Hang Seng – 24,219.64 (2.65%)
Sector: Airline
Indigo's Krabi Route Lifts Shares 3%
IndiGo has announced new direct flights from Mumbai to Krabi, Thailand, starting March 23, 2025. The airline will begin with six flights a week and plans to make it a daily service from March 30. With this launch, Krabi becomes IndiGo’s third destination in Thailand, after Bangkok and Phuket. This move comes as air travel in India continues to grow, with passenger traffic up over 11% in January. IndiGo remains the market leader with a 65.2% share, well ahead of competitors. Meanwhile, global brokerage Jefferies has added IndiGo’s parent company, InterGlobe Aviation, to its India portfolio, showing increased confidence in the stock. Following this news, IndiGo shares rose nearly 3% to an intraday high of ₹4,722.1 and have gained over 5% in the last two sessions. The combination of strong passenger demand, expanding routes, and positive market sentiment is driving interest in IndiGo’s stock.
Why it Matters:
This news matters because IndiGo’s launch of direct flights to Krabi strengthens its international network and taps into the growing demand for travel between India and Thailand. With domestic air traffic rising and IndiGo holding a strong 65% market share, the airline is well-positioned to benefit from increasing passenger numbers. Additionally, positive coverage from global brokerages like Jefferies, combined with expanding routes and strong financial performance, is boosting investor confidence and supporting the recent rise in IndiGo’s stock price.
NIFTY 50 GAINERS
BPCL– 263.39 (2.95%)
RELIANCE – 1199.15 (2.00%)
ASIANPAINT – 2205.10 (1.89%)
NIFTY 50 LOSERS
SBILIFE – 1413.25 (-0.52%)
INFY – 1702.65 (-0.52%)
BRITANNIA – 4703.30 (-0.40%)
Sector: Civil Construction
RRP Infra Hits Upper Circuit on Orders
RPP Infra Projects shares hit the upper circuit on March 6 after the company won a new project worth ₹80.98 crore from the Chennai Metropolitan Water Supply & Sewerage Board. The project involves improving the water supply system in parts of Chennai by building underground water tanks, setting up distribution stations, and replacing old pipelines. At 9:23 AM, the stock was trading at ₹137.55 on the BSE, up 5%, with strong buying interest and no sellers available. This is the third major order win for the company in recent months, following ₹108.80 crore and ₹87.56 crore projects secured in February and January. Along with these fresh orders, the company recently reported a 17% increase in its quarterly profit, which adds to the positive outlook. With consistent project wins and improved financial performance, RPP Infra is gaining attention from both traders and investors, helping drive its share price higher.
Why it Matters:
This matters because RPP Infra’s repeated project wins are boosting its future revenue and growth potential. Strong financial performance, along with these new orders, is increasing investor confidence. The stock hitting the upper circuit with heavy buying shows strong market interest and positive sentiment.
Around the World
Asian stock markets bounced back on Wednesday after hopes grew that U.S. President Donald Trump might negotiate the new tariffs he imposed on Mexico, Canada, and China. Just a day earlier, heavy tariffs led to sharp market drops and retaliation from Canada and China. Canada hit back with 25% tariffs on U.S. goods, while China raised taxes on U.S. farm products like chicken, wheat, and soybeans. However, comments from the U.S. Commerce Secretary hinting at possible talks helped calm investors. Japan, Hong Kong, and Indonesia led the gains, while Australia’s market fell 0.8% even though its economy grew better than expected, as investors worried about the impact on trade with China. Meanwhile, China’s stock markets inched up as the government set a 5% GDP growth target for 2025 and plans more spending to support the economy during its annual parliament meeting. Traders are now watching for updates on the trade talks and China’s policies.
Option Traders Corner
Max Pain
Nifty 50 – 22350
Bank Nifty – 49000
Nifty 50 – 22266 (Pivot)
Support – 22,138, 21,939, 21,811
Resistance – 22,465, 22,593, 22,792
Bank Nifty – 48445 (Pivot)
Support – 48,234, 47,978, 47,766
Resistance – 48,701, 48,913, 49,169
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