Reuters Market Eye - Jet Airways Ltd(JET.NS) extends gains for a sixth day, up 1.5 percent, while Kingfisher Airlines Ltd(KING.NS) is up 2.7 percent as Etihad Airways enters in the final stages of talks to buy a stake in either of them.
Buying into Jet is seen as more lucrative for Etihad as the two carriers already have a code-sharing agreement and could target the market share of state-owned Air India and Dubai-based Emirates Airline.
But a stake in Kingfisher would be cheaper, analysts say.
Trending On Reuters
India's stock markets fell on Friday, giving up gains from the previous session on weak global cues and caution ahead of a decisive U.S. jobs report. Full Article