OICHARTS
8 AMThe 8 AM report →
AviationHigh impactAfter close

IndiGo shares drop as Morgan Stanley cuts earnings estimates

after close1 source ↓written by the desknot a recommendation

in intraday trading
9%
in six days
2,000 flights
earnings estimates
20%
and waived fees
₹610 cr

IndiGo shares fell nearly 9% in intraday trading amid ongoing operational challenges, including the cancellation of over 2,000 flights in six days. Global brokerage Morgan Stanley has reduced FY27 and FY28 earnings estimates by 20%, while maintaining an Overweight rating. The airline processed refunds of ₹610 cr and waived fees for travel changes during December 5-15.

This downgrade reflects significant operational disruptions, impacting trader sentiment and stock performance.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 8 Dec 2025, 16:06 IST.

Sourcesnews.google.com

The market after the news

INDIGO closed +0.9% on the day of the news, from ₹4,923.50 to ₹4,967.50; Nifty −0.5% over the same session; futures OI +3.4%.

Bulletin at 16:06 IST on 8 Dec 2025. Every change is measured from ₹4,923.50, the last close before it, on 8 Dec. Nifty 50 is measured over the same sessions.

  • INDIGO close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
INDIGO closes around the bulletin against the close before the news, with Nifty 50 rebased to it445350755698axis spans 28%before the news · 8 Dec4924Nifty 50INDIGObulletinD0+1+3+52 Dec12 Dec23 DecFutures open interest, lotspeak 85,000Reference close ₹4,923.50. 16 sessions from 2 Dec to 23 Dec; the price axis spans 28 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before8 Dec₹4,923.50basebase
On the day9 Dec₹4,967.50▲ +0.9%▼ −0.5%+1.4 pp difference
+1 session10 Dec₹4,805.50▼ −2.4%▼ −0.8%−1.6 pp difference
+3 sessions12 Dec₹4,860.50▼ −1.3%▲ +0.3%−1.6 pp difference
+5 sessions16 Dec₹4,974.00▲ +1.0%▼ −0.4%+1.4 pp difference
Gap at the open, % · ₹
▼ −0.5%−22.65 on 9 Dec
Day's range, % · ₹
4.1%≈ 200 high to low
Volume on the day
5.23×the 20-session average
Futures OI on the day
▲ +3.4%+2,600 lots · long build-up · price +0.9%
Futures OI open, lots
79,0009 Dec · 30 Dec expiry
Futures premium, ₹
+29.00+0.6% to spot
Puts per call, by OI
0.56from 0.61 the session before
Max pain
5,050from 5,200 the session before

Source NSE UDiFF bhavcopy · INDIGO on the desk →

Thread · INDIGOAll INDIGO bulletins →

Related