IndiGo joins Sensex, replacing Tata Motors PV
IndiGo's parent company, InterGlobe Aviation, is set to join the BSE Sensex on December 22, bumping out Tata Motors Passenger Vehicles after its recent demerger.
This makes IndiGo the only airline in India's top 30 stocks.
Why does this matter?
Sensex inclusion usually means more attention from big investors and index funds, which can help keep a stock steady.
IndiGo's shares jumped 2% after the news and are up 11% this year—even though the airline posted a loss last quarter.
What's behind the switch?
Tata Motors PV lost its spot because splitting its business shrank its market value.
IndiGo made the cut thanks to its massive 66% domestic market share, despite some recent losses.
But it's not all smooth flying—IndiGo has had to cancel over 1,000 flights in one day due to pilot shortages and new duty rules.