Among individual stocks, SpiceJet slipped 8 per cent to Rs 68.60, its lowest level since October 11, 2018 on the BSE. Thus far in calendar year 2020 (CY20), the stock has tanked 39 per cent, as compared to 6 per cent decline in the S&P BSE Sensex in the same period.
Shares of InterGlobe Aviation, parent of the country’s largest airline IndiGo, dipped 4.6 per cent to Rs 1,173 on the BSE. The stock was trading close to its 52-week low of Rs 1,119, touched on March 5, 2019. It has fallen 12 per cent thus far in CY20.
The sudden and rapidly spreading coronavirus respiratory disease is centered in China but has spread internationally, drawing