Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.6% while the Hang Seng is up 0.4%. The Shanghai Composite is trading flat. Meanwhile, a broad-based rally pushed the S&P 500 and the Nasdaq to record-high closes for the second straight session on Monday as a trade agreement reached between the United States and Mexico buoyed investor sentiment.

Back home, India share markets have opened the day on a strong note. The BSE Sensex is trading up by 213 points while the NSE Nifty is trading up by 53 points. The BSE Mid Cap index opened up by 0.4% and BSE Small Cap index opened the day up by 0.5%.

The rupee is currently trading at 70.04 to the US$.

Barring consumer durables stocks, all sectoral indices have opened the day in green with metal stocks and power stocks witnessing maximum buying interest.

In the news from the aviation sector. Cash-strapped Jet Airways reported a whopping Rs 13.2 billion of net losses for the June quarter due to higher fuel cost, falling rupee and low fares. The comapny said it will monetise loyalty programme JetPrivilege and wet-lease some of its small aircraft to mobilise urgent working capital.

This is the second straight quarter of losses for the Naresh Goyal-run airline, which had last month publicly admitted to cash-flow issues. The airline had booked net profit of Rs 535 million in the year-ago period, while in the March quarter it had reported net losses of Rs 10.4 billion.

The airline said its fuel cost soared 53% to Rs 23.3 billion in the quarter, while low fares had revenue inching up to Rs 60.7 billion from Rs 59.5 billion.

On a consolidated basis, the net loss stood at Rs 13.3 billion, against a net profit of Rs 580 million a year ago.

The second back-to-back quarterly loss forced Jet Airways, which delayed the result announcement on August 9 indefinitely, to announce a turnaround plan which includes a capital infusion by selling a stake in JetPrivilege, and a massive cost-cutting to save around Rs 20-billion over the next two years.

Further, the airline during the quarter flew 4% more passengers to 7.4 million over the year-ago period besides registering a 9.4% growth in available seat kilometers over the past 12 months' period. It also saw a 7.6% increase in revenue passenger kilometres during the quarter.

After losing more than three-fourths of its value since July first week when Jet Airways had admitted to having flow issues.

Jet Airways share price opened the up by 0.8%. To know more about the company, you can access to Jet Airways' latest result analysis and Jet Airways' 2017-18 Annual Report Analysis on our website.

In another development, Studds Accessories Ltd, manufacturer of helmets and two-wheeler accessories, has filed draft papers with capital markets regulator to float an initial share-sale.

Reportedly, the initial public offer (IPO) comprises fresh issuance of shares worth Rs 980 million besides an offer for sale of 3.9 million equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders.

Proceeds of the issue will be used to part-finance the motorcycle helmet and accessories as well as bicycle helmet manufacturing facilities in Faridabad and for general corporate purposes.

Further, the company believes that listing of the equity shares will enhance its visibility and brand image among existing and potential customers.

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