Shares of InterGlobe Aviation, the operator of IndiGo, staged a strong intraday recovery of nearly 4% on April 6, 2026, rebounding from early losses as improving sentiment around global oil supply eased pressure on aviation stocks.
IndiGo Share Price Movement Today
As of 1:51 PM (IST), IndiGo stock showed notable volatility before recovering:
The stock touched a low of ₹4,087.30 and climbed to a high of ₹4,254.20 during the session, compared to the previous close of ₹4,193.50. It opened slightly lower at ₹4,180.00, while trading volumes remained active at over 12.12 lakh shares. The stock is still significantly below its 52-week high of ₹6,232.50, but remains above its 52-week low of ₹3,895.20.
Key Reason
A senior Iranian official confirmed that Tehran has received a ceasefire proposal mediated by Pakistan. However, Iran has refused to reopen the Strait of Hormuz in exchange for a temporary ceasefire.
While this may sound negative at first glance, markets reacted to the broader implication — that diplomatic engagement is underway, reducing the immediate risk of a full-scale supply shock.
The geopolitical backdrop remains tense, with Donald Trump issuing strong warnings and setting a deadline for potential action. At the same time, global leaders are urging restraint to avoid further escalation.
Despite the uncertainty, equity markets tend to react quickly to any signs of de-escalation — even if temporary — especially in sectors highly sensitive to fuel prices.