\"Whether demonetisation or GST, you can question the efficiency of the implementation but conceptually you cannot question it. GST is a good reform,\" says Puri.

While the Sensex gained 118 points or 0.34% to 35,260, the Nifty rose 0.38% or 40 points to 10,616 level.

The domestic currency hit an intra day high of 71.86 - a fresh two-month high-in the forex market compared to its previous close of 72.31 to the US dollar.

The stock has been gaining for the last three days and risen 26.87% in the period.  The small cap stock opened with a gain of 4.46% at 269.25 on the BSE. The stock has lost 61.12% during the last one year and fallen 67.68% since the beginning of this year.

All these carriers have been majorly hit by two cost components - aviation turbine fuel (ATF) costs and currency fluctuations.