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Shares of Jet Airways tumble over 27pc

Share markets open positive to Flat note on Thursday morning. At 10.45am, BSE Sensex fell by 58 points at 39217-mark, while NSE Nifty at 11765-mark, down 22 points.

Major stock fall today goes for Jet Airways India Ltd.  As of now, the shares of the Airline plunged 27percent or Rs.65 to quote its share value at Rs175.55 from its previous close of Rs240.50. Similar trend was seen in BSE too.

The downfall in stock is due to the temporary operational shutting of the Jet Airways, with lenders deciding not to extend any emergency funds to the company. Meantime, in a release early Thursday, the lenders of Jet Airways said they were reasonably expectant of a successful bidding process for stake sale.