US midterm elections results impact on IndiGo shares: Interglobe Aviation is flying over 7%, amongst top Nifty gainers

Interglobe Aviation reported movement of 7%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is +5.3% on the day at ₹5,416.00, and has returned -4.0% over three months. It sits 8% below its 52-week high. The transport & logistics sector has moved -6.9% over the same period, so Interglobe Aviation is running 2.9 points ahead of its peers.

This is an Input cost / crude event. India imports most of its crude, so input costs pass through to margins downstream and to the rupee. Producers and consumers of the same input move in opposite directions. On the day the stock is +5.3%, so the tape moved decisively on this.