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Domestic air passenger volume surges 26% in April to 11.51mn

The Gurugram-based IndiGo remained the market leader, having flown more than four out of every 10 passengers as it carried 4.58 million passengers during the month while rival SpiceJet continued to see the highest seat occupancy across its aircraft market at 95.5 per cent.

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FPIs withdraw $ 2-bn from markets in just 8 trading sessions

“An increase in (government securities) yields in the domestic market has seen FPIs pulling out money from the Indian debt markets, whereas outlflow of money from equity market is a function of rise in global yields and deterioration in macroeconomic fundamentals of Indian economy largely due to rising crude prices.Besides, FPIs have also booked profit ahead of the upcoming state election,” Rakesh Tarway, head of research at Reliance Securities

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