Share markets in India are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the realty sector and metal sector witnessing maximum buying interest while oil & gas stocks are witnessing selling pressure.

The BSE Sensex is trading up by 141 points (up 0.4%), while the NSE Nifty is trading up by 33 points (up 0.3%). The BSE Mid Cap index is trading up 0.4%, while the BSE Small Cap index is trading up by 0.3%.

The rupee is trading at Rs 71.89 against the US$.

In the news from the aviation space, Jet Airways share price is witnessing selling pressure today. Reportedly, Tata Sons on Friday clarified that discussions with Jet Airways have been preliminary and no proposal has been made.

Note that last month reports stated that Jet Airways is trimming its workforce and operations further as it struggles through its financial crisis.

As per a leading financial daily, at least 15 people at the manager or general manager level in departments such as engineering, security and sales have been asked to leave in October. It is also reported that the airline has grounded eight of its planes at the Mumbai and Chennai airports.

The company had also deferred announcing the June quarter numbers to an unspecified late date.

Amid rising concerns over the airline's financial health and proposed salary reductions for employees, Jet Airways chairman said a new committee would be set up to improve public perception.

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.

It would be interesting to see how the above-proposed acquisition deal finalizes. Meanwhile, we will keep you updated on all the developments from this space.

In the news from the banking space, Yes bank share price is in focus today as a search panel entrusted with finding Rana Kapoor's successor to lead the bank has shortlisted multiple names, including those serving foreign as well as domestic lenders.

The stock also gained as rating agency ICRA retained its long-term rating of 'ICRA AA+' for the bank.

Yes Bank share price is trading up by 5.8%.

Moving on to the news from the commodity space, crude oil was witnessing buying interest today as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards year-end.

Despite that, market sentiment remains weak on signs of a demand slowdown amid deep trade disputes between the world's two biggest economies, US and China.

The Organization of the Petroleum Exporting Countries (OPEC), de-facto led by Saudi Arabia, is pushing for the producer cartel and its allies to cut 1 million to 1.4 million barrels per day of supply to adjust for a slowdown in demand growth and prevent oversupply.

Speaking of crude oil, India's crude oil production was lower by 4.2% in September 2018 as compared to last year, as can be seen from the chart below.

India's Increasing Crude Oil Demand-Supply Gap

The worrying factor is this was the lowest production this year.