Why the markets could correct more and Vistara overtakes SpiceJet

The Sensex has been in correction mode for the last few days, falling over 2%. What explains the sudden softness? We look at an interesting trend, and a break in it which points to a downhill trek for the markets in the short term. Separately, there is a change in the pecking order of the Indian aviation industry. How did a smaller Vistara manage to go past SpiceJet?

21 October, 20219 min
0
Banner image

We rarely make our stories free to read. This one is, so make the most of it.

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

Sign up for free

No payment details required

$99 for one year

Subscribe to unlock all stories
Already have an account? Sign In

You may also like

Business
Story image

Akasa Air finally gets some wind in its tail

The Vinay Dube-led airline is now the third-largest in terms of revenue and on course to hit a major milestone, although some concerns remain.

Business
Story image

The rise and rise of Saudi Arabia in the Middle East aviation landscape

Sanjiv Kapoor, the aviation veteran who moved to the kingdom in 2023, speaks about the country’s ambition in aviation and how this could change the regional dynamics of a sector till now dominated by the UAE and Qatar.

Business
Story image

Why the DGCA needs to rethink its multi-crew pilot licence proposal

The new licence may hand all power—and money—to airlines, while giving short shrift to pilots and flying training organizations. Besides, the older CPL mechanism isn’t really broken.