Sensex Ends 216 Points Higher; Banking And Finance Stocks Witness Buying

As per an article in The Economic Times, India has grounded Boeing 737 MAX being operated by airlines in the country after about 15 countries banned the aircraft following two deadly accidents within a span of five months.

Shares of the company fell around 8% in early trade today after the Directorate General of Civil Aviation (DGCA), India's aviation regulator, grounded Boeing 737 MAX planes following the fatal crash of a plane of the same model in Ethiopia.

In other news, Jet Airways share price was also witnessing selling pressure today as it was reported that the airline has grounded another four of its aircraft due to non-payment of lease rentals.

With this, the total number of aircraft taken out of operations due to severe liquidity crunch in the airline and its subsequent failure to pay rentals to various lessors now stand at 32 so far.

Yesterday, the debt-laden airline was in focus on reports that Etihad Airways and a new partner will together invest nearly Rs 40 billion to revive the airline. Also, the founder-promoter Naresh Goyal and his wife would step down from the board and all executive positions.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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