Share markets in India are presently trading on a negative note. Barring metal sector and FMCG sector, all sectoral indices are trading in red with stocks in the realty sector and IT sector witnessing maximum selling pressure.

The BSE Sensex is trading down by 163 points (down 0.5%), while the NSE Nifty is trading down by 48 points (down 0.4%). The BSE Mid Cap index is trading down by 0.4% and the BSE Small Cap index is trading down by 0.2%.

Speaking of benchmark indices in the year 2018, Sensex closed the year at 36,068.

A year ago, on the last trading day of 2017, the Sensex had closed at 34,057.

That's a 6% gain for the Sensex in 2018.

For equities, that's not a good enough return. Your money could have done better parked in fixed deposits.

The Story of Sensex 2018

Most investors have seen their investments diminish in value during the year.

In fact, the total market value of all listed companies on the BSE declined 5% to Rs 144.1 trillion from Rs 151.7 trillion at the end of 2017.

In other words, wealth worth Rs 7.6 trillion, which is more than the market cap of Tata Consultancy Services or Reliance Industries, was wiped out during the year.

In the news from the currencies space, the rupee is currently trading at Rs 70.47 against the US$.

On Thursday, the rupee consolidated in a narrow range for the third successive day despite volatility in global oil prices and weakness in the dollar.

In the last couple of weeks, crude has rallied over 20%, which led to marginal weakness in the rupee despite a low-lying dollar.

The rupee has slid about 1% against the US$ this year after posting the best quarterly gains since March 2017.

The dollar continued to remain under pressure in the last few sessions but rebounded yesterday after Fed Chairman stressed again that the US central bank can be patient in approving any further rate increases as officials' gauge whether the US economy will slow this year.

Moving on to the news from the airlines sector, Jet Airways share price is witnessing buying interest today on reports that Tata-Jet Airways deal is back on the table.

The cash-strapped airline which had its credit rating cut to default this month is weighing a resumption of stake sale talks with Tata Group as the carrier is poised to run out of cash.

Reportedly, the creditors are open to lending $500 million to Jet Airways if Goyal and Etihad inject a similar amount into the company. A decision will be made once a forensic examination being conducted into the airline's book is completed.

On Tuesday, the company met with lenders, lessors and vendors to discuss its financial situation and a debt-repayment plan.

Last week, the airline delayed payments to a consortium of Indian banks, led by State bank of India.

According to reports, the payment of interest and principal installment was delayed "due to temporary cash flow mismatch" and the company is in talks with the consortium. The deadline for the payment was December 31, 2018.

This led to downgrading of the airline's loan and debenture ratings by rating agency ICRA.

ICRA revised the long-term rating (assigned to long-term loans and non-convertible debentures) to D from C. The short-term rating has been revised to D from A4.

Last month, Jet was in talks with the SBI for raising Rs 15 billion short-term loan to meet its working capital requirement and some payment obligations.

Reportedly, Jet Airways' strategic partner and Middle-east carrier Etihad, which holds 24% stake in the Indian full-service carrier, is likely to provide guarantee for the loan.

The Naresh Goyal-controlled airline, which has posted three consecutive quarterly losses of over Rs 10 billion each since March, already has as much as Rs 80 billion of debt on its books as on September 30. Rating agency ICRA has already cut the rating on Jet Airways borrowing programmes.

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.