Dubai poses a serious threat to Indian airports and airlines
The emergence of Dubai as a hub for the global aviation industry will pose a serious threat to Indian airports and airlines, which are struggling with underdeveloped infrastructure and lack of incentives to attract international airlines to use the nation's airports.
``The trouble in Dubai is not likely to have a direct significant impact on India. However should this trouble snowball some ripples may be felt in India. The market continues to be in uptrend therefore the investors should continue to hold the positions. However, investors should be cautious at this juncture as situation is fluid. The market has held on to its support level of 4,925 and the low of today around 4,800 can provide support to the market,`` said Avinash Gupta, assistant vice president Research Equity, Bonanza Portfolio commenting on the market outlook.