Govt to lift airfare caps; Sensex, Nifty close almost flat; more

2022-08-10 371

India will remove the fare caps it imposed on domestic airlines in 2020 during the Covid-19 pandemic from August 31, the country’s civil aviation ministry said on Wednesday, August 10, lifting restrictions on ticket prices.

Meanwhile, the benchmark BSE Sensex and Nifty closed on a flat note after a volatile session on Wednesday profit booking in IT and realty shares negated gains in metal and oil gas stocks.

The 30-share BSE Sensex ended 35.78 points or 0.06 per cent lower at 58,817.29, while the broader NSE Nifty inched 9.65 points or 0.06 per cent higher at 17,534.75.