Share markets in India are presently trading on a flat note. Barring realty sector, IT sector and auto sector, all sectoral indices are trading in green with stocks in the metal sector and FMCG sector witnessing buying interest.

The BSE Sensex is trading up by 15 points (up 0.1%), while the NSE Nifty is trading up by 12 points (up 0.1%). The BSE Mid Cap index is trading up by 0.5% and the BSE Small Cap index is trading up by 0.4%.

The rupee is trading at Rs 71.19 against the US$.

The rupee rose 29 paise to 71.15 against the dollar in early session today on increased selling of the American currency by exporters and banks amid a positive opening of the domestic equity markets.

Besides, the dollar falling against other currencies overseas on lingering worries about a global slowdown and continuing US-China trade tensions supported the Indian rupee.

Market participants are tracking ITC, InterGlobe aviation, Bharti Infratel, Vijaya bank as they announce their December ended quarter results today.

You can also read our recently released Q3FY19 results: Zee Entertainment's latest result analysis, Reliance Industries, Federal Bank, Infosys, TCS, Trident, HDFC bank, NIIT Technologies, Cyient.

In the news from the software sector, Wipro share price is witnessing buying interest today.

The company last Friday reported a 31.8% YoY rise in profit at Rs 25.4 billion for the quarter ended December 31.

Wipro reported 2.4% quarter-on-quarter rise in revenue in constant currency terms led by strong growth in BFSI and consumer business unit.

In rupee terms revenue was up 3.5% at Rs 146.6 billion.

The board of the company also recommended issuing equity shares in the proportion of 1:3, which is one bonus equity share of Rs 2 each for every three fully paid-up equity shares held.

Shares of the company climbed 2% to Rs 353.25, which is their highest level since February 2000.

In the past seven trading days, Wipro has outperformed the market by surging 12%. In comparison, the BSE Sensex was up 1.6% during the same period.

To know more about the company, you can read Wipro Q3FY19 Result Analysis and Wipro Annual Report Analysis on our website.

Moving on to the news from the banking space, Yes bank share price is in focus today.

Shares of the private sector lender climbed 2% in early trade today after the bank partnered with Government of Maharashtra to onboard PDS shops onto the electronic PDS initiative through which they can become agents of the bank.

Under the partnership, Yes bank will empower more than 20,000 ration shops which can offer last mile basic banking services to more than seven lakh beneficiaries.

The bank will cover almost 40% of all the PDS shops across locations like Palghar, Thane, Kolhapur, Latur, Pune and others.

Yes bank share price is presently trading up by 2.5%,

Speaking of updated facts about banks, are you aware of the extent to which bank credit growth has recovered, in recent months?

Credit Growth Back to 5 Year High

The credit growth that banks in India posted in December quarter of 2018, at 15.1% YoY, is not just very healthy. It's nearly 2 times GDP growth. But it also back to the five-year high.

Strong credit disbursal is clearly a sign of many things to come. Higher consumption demand, better capacity utilization, more capex and higher profits.

So even as we await a sharper earnings recovery, the first signs of it are already evident.