New Delhi, June 2 -- Shares of Indian aviation companies InterGlobe Aviation, the parent of IndiGo, and SpiceJet came under pressure on Tuesday, June 2, after reports emerged that Russia had imposed a ban on aviation fuel exports until November 30, 2026. The development weighed on investor sentiment, dragging aviation stocks lower during the trading session.

SpiceJet was the bigger loser among the two carriers, falling around 2.5% to an intraday low of Rs.12.01 on the BSE. Shares of InterGlobe Aviation also declined, shedding more than 1% to hit an intraday low of Rs.4,399.45.

The Russian government's decision is aimed at ensuring adequate fuel availability in the domestic market amid ongoing disruptions to the country's refining sector...