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Spirit Airlines shutdown impacts Coforge and Indian IT sector

pre-market1 source ↓written by the desknot a recommendation

The shutdown of Spirit Airlines is poised to significantly affect Coforge, a mid-tier IT services firm, as rising jet fuel prices escalate distress in the aviation sector. Analysts indicate that this could have broader implications for Indian IT companies, with Coforge facing a couple of million dollars in quarterly billing losses. The situation signals potential turbulence ahead for the sector. ✈️💻

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 4 May 2026, 07:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

COFORGE closed −3.7% on the day of the news, from ₹1,195.90 to ₹1,151.60; Nifty +0.5% over the same session; futures OI −0.8%.

Bulletin at 07:05 IST on 4 May 2026. Every change is measured from ₹1,195.90, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • COFORGE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
COFORGE closes around the bulletin against the close before the news, with Nifty 50 rebased to it103412051375axis spans 33%before the news · 30 Apr1196Nifty 50COFORGEbulletinD0+1+3+524 Apr7 May18 MayFutures open interest, lotspeak 47,000Reference close ₹1,195.90. 16 sessions from 24 Apr to 18 May; the price axis spans 33 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 %
Before30 Apr₹1,195.90basebase
On the day4 May₹1,151.60▼ −3.7%▲ +0.5%−4.2 pp difference
+1 session5 May₹1,168.80▼ −2.3%▲ +0.1%−2.4 pp difference
+3 sessions7 May₹1,285.30▲ +7.5%▲ +1.4%+6.1 pp difference
+5 sessions11 May₹1,375.20▲ +15.0%▼ −0.8%+15.8 pp difference
Gap at the open, % · ₹
▲ +1.2%+13.87 on 4 May
Day's range, % · ₹
5.4%≈ 64 high to low
Volume on the day
0.70×the 20-session average
Futures OI on the day
▼ −0.8%−310 lots · long unwinding · price −3.7%
Futures OI open, lots
40,0004 May · 26 May expiry
Futures premium, ₹
+3.20+0.3% to spot
Puts per call, by OI
0.61from 0.63 the session before
Max pain
1,200from 1,200 the session before

Source NSE UDiFF bhavcopy · COFORGE on the desk →

Thread · COFORGEAll COFORGE bulletins →

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