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ITAviationMedium impactAfter close

Spirit Airlines shutdown raises concerns for Indian IT firms

after close1 source ↓written by the desknot a recommendation

The shutdown of Spirit Airlines is expected to significantly impact Coforge, a mid-tier IT services firm, which has a billing relationship worth a couple of million dollars per quarter. Rising jet fuel prices, exacerbated by geopolitical tensions, pose wider risks for Indian IT companies as the aviation sector faces mounting distress. Analysts warn of potential ripple effects across the industry.

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, 16:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

COFORGE closed +1.5% on the day of the news, from ₹1,151.60 to ₹1,168.80; Nifty −0.4% over the same session; futures OI −0.2%.

Bulletin at 16:07 IST on 4 May 2026. Every change is measured from ₹1,151.60, the last close before it, on 4 May. 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 it995.9012041412axis spans 42%before the news · 4 May1152Nifty 50COFORGEbulletinD0+1+3+527 Apr8 May19 MayFutures open interest, lotspeak 47,000Reference close ₹1,151.60. 16 sessions from 27 Apr to 19 May; the price axis spans 42 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 %
Before4 May₹1,151.60basebase
On the day5 May₹1,168.80▲ +1.5%▼ −0.4%+1.9 pp difference
+1 session6 May₹1,280.40▲ +11.2%▲ +0.9%+10.3 pp difference
+3 sessions8 May₹1,368.10▲ +18.8%▲ +0.2%+18.6 pp difference
+5 sessions12 May₹1,320.40▲ +14.7%▼ −3.1%+17.7 pp difference
Gap at the open, % · ₹
▲ +1.3%+14.39 on 5 May
Day's range, % · ₹
2.9%≈ 34 high to low
Volume on the day
0.52×the 20-session average
Futures OI on the day
▼ −0.2%−80 lots · short covering · price +1.5%
Futures OI open, lots
40,0005 May · 26 May expiry
Futures premium, ₹
−0.200.0% to spot
Puts per call, by OI
0.59from 0.61 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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