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AviationHigh impactPre-market

Rising oil prices lead to higher airline ticket surcharges

pre-market1 source ↓written by the desknot a recommendation

which constitutes
40% of airlines' operating expenses
on tickets
₹425 to ₹2,300

Recent conflicts in the Middle East have caused crude oil prices to surge, significantly increasing the cost of Aviation Turbine Fuel (ATF), which constitutes about 40% of airlines' operating expenses. As a result, major airlines like IndiGo and Air India have implemented fuel surcharges ranging from ₹425 to ₹2,300 on tickets, impacting consumer travel costs. This development is likely to affect aviation stocks in the market.

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 22 Mar 2026, 07:30 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

INDIGO closed −4.9% on the day of the news, from ₹4,149.10 to ₹3,945.30; Nifty −2.6% over the same session; futures OI +2.5%.

Bulletin at 07:30 IST on 22 Mar 2026. Every change is measured from ₹4,149.10, the last close before it, on 20 Mar. 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 it375241844616axis spans 23%before the news · 20 Mar4149Nifty 50INDIGObulletinD0+1+3+516 Mar27 Mar9 AprFutures open interest, lotspeak 68,000Reference close ₹4,149.10. 16 sessions from 16 Mar to 9 Apr; the price axis spans 23 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 %
Before20 Mar₹4,149.10basebase
On the day23 Mar₹3,945.30▼ −4.9%▼ −2.6%−2.3 pp difference
+1 session24 Mar₹4,150.800.0%▼ −0.9%+0.9 pp difference
+3 sessions27 Mar₹4,099.50▼ −1.2%▼ −1.3%+0.1 pp difference
+5 sessions1 Apr₹4,180.80▲ +0.8%▼ −1.9%+2.6 pp difference
Gap at the open, % · ₹
▼ −1.9%−79.25 on 23 Mar
Day's range, % · ₹
5.0%≈ 210 high to low
Volume on the day
1.65×the 20-session average
Futures OI on the day
▲ +2.5%+1,700 lots · short build-up · price −4.9%
Futures OI open, lots
68,00023 Mar · 30 Mar expiry
Futures premium, ₹
+6.40+0.2% to spot
Puts per call, by OI
0.42from 0.49 the session before
Max pain
4,150from 4,300 the session before

Source NSE UDiFF bhavcopy · INDIGO on the desk →

Thread · INDIGOAll INDIGO bulletins →

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