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    HomeNewsBusinessStocksSpiceJet, Kingfisher spike on FDI hike hopes

    SpiceJet, Kingfisher spike on FDI hike hopes

    Airline stocks have been caught in bull grip since yesterday as CNBC-TV18 reported quoting sources that the cabinet committee of economic affairs (CCEA) will consider hike in FDI in the aviation sector on Friday.

    September 13, 2012 / 15:28 IST

    Airline stocks have been caught in bull grip since yesterday as CNBC-TV18 reported that the cabinet committee of economic affairs (CCEA) will consider hike in FDI in the aviation sector on Friday.

    Commerce Minister says the CCEA will mull plan to allow international carriers to buy into India companies tomorrow. Sources say the government does not expect opposition from Trinamool Congress.

    Low fair carrier SpiceJet shot up more than 4% amid large volumes. Shares of debt-laden Kingfisher Airlines jumped 1.7% while aviation major Jet Airways rose over 1%.

    first published: Sep 13, 2012 02:35 pm

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