InvestorQ : Why did ITC and Indigo outperform on Thursday, 21 May? Did you expect the markets to lose gains in the end?
Dhwani Mehta made post

Why did ITC and Indigo outperform on Thursday, 21 May? Did you expect the markets to lose gains in the end?

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Khushi Patel answered.
1 year ago
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You are right that the market, though ending in gains, gave up most gains in the last couple of hours as financials and banks came under pressure. The midcaps actually performed than the large caps. Among the gainers were ITC and Interglobe Aviation. ITC rallied 7% intraday after the company resumed cigarette production and distribution, after a gap of nearly 2 months. Interglobe also climbed after the government announced that domestic airline operations would resume on May 25. This will ensure that the fixed costs do not put pressure on the airline companies on account of low occupancy factor.

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