Passengers carried by domestic airlines between January and May this year stood at 259.98 lakh, compared with 258.08 lakh in the same period last year, registering a growth of 0.74%
Domestic air passenger traffic marginally grew by less than a percentage point in the first five months of this year to almost 260 lakh, which was two lakh more than the same period last year, official data showed on Tuesday.
No-frill airline IndiGo continued to dominate the domestic aviation market by cornering 29.5% of its share in May, followed by Jet Airways and its subsidiary JetLite with 22.5%, the air traffic figures showed.
While SpiceJet was in the third place with 19.8% market share, Air India (Domestic) followed closely with 19.1% and GoAir with 9%.
The traffic carried by all Indian carriers in May was 57.10 lakh as against 54.48 lakh in the same month last year.
Passengers carried by domestic airlines between January and May this year stood at 259.98 lakh, compared with 258.08 lakh in the same period last year, registering a growth of 0.74%.
IndiGo also recorded the highest passenger load factor (PLF) of 89.6%, with GoAir in the second place with 85.8%. PLF is a measure of how much of an airline's passenger carrying capacity or number of seats is being used.
Full service carrier Air India was in the third position with 82%, much ahead of its prime competitor Jet Airways which registered 75.1%. SpiceJet was in the fourth position with 80.9% load factor.
Meanwhile, airlines’ body IATA came out with its global air traffic analysis for April, saying the number of passengers flying internationally in business or first class was 3.8% higher this April compared to a year ago.
The economy class passenger numbers rose just by 0.9% in April, which was a “sharp fall” from the 7.4% growth in the previous month.
Markets of emerging regions like South Asia “continue to be the primary source of growth in international premium travel. Long-haul passengers connecting through Middle Eastern hubs help support strong growth on markets like Europe-Middle East, which was up 11.2% in April,” the IATA analysis said.
Heavy rains have wreaked havoc in the hill states of Uttarakhand and Himachal Pradesh, leaving 73 people dead and over 73,000 stranded, while several parts of Haryana were flooded after water level in the Yamuna rose alarmingly
Heavy monsoon continued to wreak havoc in hill states Uttarakhand and Himachal Pradesh on Tuesday as well. So far the rains have claimed 11 more lives in the North, taking the death toll to 73. About 71,440 pilgrims bound for the Himalayan shrines remain stranded in the monsoon-ravaged Uttarakhand besides around 1,700 people stuck in Himachal Pradesh.
With a let-up in the rains and decrease in water level in the Ganga and its tributaries, rescue efforts picked up momentum in the flash floods and landslide-hit areas of Himachal and Uttarakhand. However, the situation remains grim in Uttarakhand.
Flash floods, cloudbursts and subsequent landslips have claimed 44 lives in Uttarakhand and left as many injured and fully damaged 175 houses across the state.
Rudraprayag was the worst hit, where 20 people perished and 73 buildings, including 40 hotels along the banks of the Alaknanda, were swept away by the swirling waters of the river.
About 71,440 pilgrims, who were bound for the Himalayan shrines of Kedarnath, Badrinath, Gangotri and Yamunotri, are stranded in Rudraprayag, Chamoli and Uttarkashi districts with the famous char dham yatra still suspended due to massive damage to the road network.
About 27,040 devotees are stranded in Chamoli, 25,000 in Rudraprayag and 9,850 in Uttarkashi, disaster management authorities said. Officials said that the water level of Bhagirathi in Uttarkashi and Ganga in Rishikesh had begun to recede.
In Himachal Pradesh, chief minister Virbhadra Singh, who was stranded in tribal Kinnaur district for nearly 60 hours due to landslides triggered by incessant rains, was evacuated this morning even as 1,700 people remained stranded at various places.
In Uttar Pradesh, four persons were killed in rain-related incidents even as the state government issued a high alert in the wake of unexpected increase in discharge in major rivers, including Ganga, Yamuna and Shrada.
People from low-lying areas along the Yamuna in and around Delhi were evacuated as the water level in the river crossed the danger mark.
The water level of the Yamuna in Delhi crossed the danger mark of 204.83 metres and reached 205.24 metres at 2:30pm. Officials in the Flood and Irrigation Department said the water level in the river is expected to rise further as Haryana has released 1.54 lakh cusecs of water into the Yamuna this morning.
A close above today’s high would be needed for the market to head higher. A decline may take the Nifty to around 5,680
The market snapped its two-day winning streak and settled lower on selling pressure from banking, consumer durables and PSU stocks. A close above today’s high would be needed for the market to head higher. A decline may take the Nifty to around 5,680. The National Stock Exchange (NSE) reported a volume of 52.88 crore shares and advance-decline ratio of 691:688.
The market opened marginally lower on nervousness ahead of the outcome of the two-day US FOMC meeting, which begins today. The meeting achieves significance as clues to the future of the US bond-buying programme are likely to emerge. The cautiousness was reflected in the Asian markets which were mixed in morning trade.
The Nifty opened eight points lower at 5,842 and the Sensex started the day at 19,329, down three points from its previous close. Pressure from capital goods stocks kept the market range-bound in the negative terrain in early trade.
Select buying was seen in IT, realty and healthcare stocks, but the gains lacked strength resulting in the benchmarks staying in the red till the noon session.
The market made a laboured effort to bounce back from the lows with help from metal and realty stocks. The gains helped the market indices hit their highs shortly after 2.00pm. At this point the Nifty rose to 5,863 and the Sensex inched up to 19,384.
However, the benchmarks could not sustain the gains and slipped into the negative once again on selling pressure from the banking sector and healthcare major Ranbaxy on news that the Supreme Court will hear a public interest litigation on the 24th June seeking directions to cancel the company’s manufacturing license and prosecute its directors for allegedly selling adulterated medicines.
The decline led the market to its low in late trade with the Nifty falling to 5,804 and the Sensex retracting to 19,191. The benchmarks finally snapped their two-day winning streak and settled lower.
The Nifty fell 36 points (0.62%) to 5,814 and the Sensex closed the day at 9,223, a loss of 103 points (0.53%).
The broader indices outperformed the Sensex today, as the BSE Mid-cap index rose 0.03% and the BSE Small-cap index gained 0.25%.
BSE Metal (up 0.75%); BSE TECk (up 0.67%); BSE IT (up 0.57%) and BSE Healthcare (up 0.05%) were the sectoral gainers. The main losers were BSE Bankex (down 1.20%); BSE Consumer Durables (down 1.09%); BSE PSU (down 0.91%); BSE Capital Goods (down 0.86%) and BSE Power (down 0.64%).
Out of the 30 stocks on the Sensex, 10 settled higher. The top gainers were Tata Steel (up 2.89%); Tata Power (up 1.15%); Bajaj Auto (up 1.09%); Infosys (up 1.08%) and Hero MotoCorp (up 1.02%). The major losers were NTPC (down 2.20%); Bharti Airtel (down 1.67%); GAIL India (down 1.59%); HDFC Bank (down 1.48%) and ONGC (down 1.47%).
The top two A Group gainers on the BSE were—Reliance Communications (up 11.14%) and Piramal Enterprises (up 5.64%).
The top two A Group losers on the BSE were—MMTC (down 4.98%) and Ranbaxy Laboratories (down 3.56%).
The top two B Group gainers on the BSE were—GG Dandekar Machine Works (up 20%) and Kilitch Drugs India (up 19.95%).
The top two B Group losers on the BSE were— Blue Chip India (down 15.56%) and KBS India (down 15.36%).
Of the 50 stocks on the Nifty, 14 ended in the in the green. The main gainers were Tata Steel (up 2.65%); Infosys (up 1.38%); Sesa Goa (up 1.11%); Bajaj Auto (up 1.01%) and Kotak Mahindra Bank (up 0.93%). The key losers were Ranbaxy (down 3.90%); NTPC (down 2.69%); IndusInd Bank (down 2.49%); Punjab National Bank and UltraTech Cement Co (down 2.47% each).
Markets in Asia settled mostly higher on hopes of a positive outcome from the two-day FOMC meeting. News of the world leaders at the Group of Eight (G-8) meeting in Northern Ireland supporting Japanese initiatives to boost its economy also supported investor sentiment.
The Shanghai Composite rose 0.14%; the Jakarta Composite surged 1.38%; the KLSE Composite gained 0.11%; the Straits Times climbed 1.45%; the Seoul Composite advanced 0.93% and the Taiwan Weighted settled 0.23% higher. On the other hand, the Nikkei 225 fell 0.20% and the Hang Seng settled flat with a negative bias.
At the time of writing, two of the three top European markets were trading higher and the US stock futures were seen with modest gains.
Back home, foreign institutional investors were net sellers of equities amounting to Rs165.09 crore on Monday whereas domestic institutional investors were net buyers of stocks aggregating Rs361.52 crore.
Readying Religare Enterprises for a banking licence, its promoters billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh have decided to sell nearly 23% stake, currently worth over Rs 1,000 crore, to meet the RBI eligibility norms for new banks. The stock declined 1.86% to close at Rs16 on the NSE.
Water treatment player Va Tech Wabag, in a joint venture with Pratibha Industries, has bagged a Rs262 crore order from Melamchi Water Supply Development Board, Nepal. The scope of the work comprises construction of water treatment plant at Sundarijal, Nepal with an initial capacity of 85MLD, Va Tech Wabag said in a statement. The stock surged 3.35% to close at Rs456.05 on the NSE.
Viceroy Hotels has secured its shareholders’ nod for sale of the company’s Chennai Property Division. The company had decided to sell the division to Chennai-based Ceebros Hotels Pvt Ltd for a cash consideration of Rs480 crore. Viceroy Hotels declined 1.40% to Rs17.60 on the NSE.