Sensex Trades Flat; Bharti Airtel & Yes Bank Top Gainers

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

The BSE Sensex is trading up by 35 points (up 0.1%), while the NSE Nifty is trading up by 5 points (up 0.1%). The BSE Mid Cap index is trading up by 0.4% and the BSE Small Cap index is trading up by 0.1%.

The rupee is trading at Rs 71.75 against the US$.

The central board meeting of the Reserve Bank is underway to discuss contentious issues including a new economic capital framework (ECF) for the central bank and relaxation in the prompt corrective action norms for at least some of 12 state-run banks.

This is the first board meet chaired by the newly-appointed Shaktikanta Das, who took over as the 25th governor on Wednesday.

In the news from the telecom sectorBharti Airtel and Vodafone Idea are in focus today after Telecom Disputes Settlement and Appellate Tribunal (TDSAT) rejected Telecom Regulatory Authority of India's (TRAI) predatory pricing rule.

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Thursday set aside sector regulator TRAI's rule on predatory pricing for lack of transparency in the guidelines over determining market share and rates of services.

The shares of both scripts gained up to 10% on the back of the above news.

The move came as a major relief to Bharti Airtel and Vodafone Idea which had in March challenged the amendment made by TRAI in the Telecommunication Tariff order.

In another news, Reliance communication is also in focus today after Supreme Court directed Department of Telecommunications (DoT) to issue NOC to allow company the spectrum sale within 2 days.

Earlier, Supreme Court allowed spectrum sale from Reliance Communications to Jio and directed company to furnish corporate guarantee of Rs 14 billion to DoT.

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