Share markets in India are presently trading on a positive note. Sectoral indices are trading mixed with stocks in the energy sector, banking sector and telecom sector witnessing maximum buying interest while metal stocks and realty stocks are witnessing selling pressure.

The BSE Sensex is trading up by 164 points (up 0.5%), while the NSE Nifty is trading up by 39 points (up 0.4%). The BSE Mid Cap index is trading up by 0.3% and the BSE Small Cap index is trading on a flat note.

The rupee is trading at Rs 71.09 against the US$.

The rupee rose against the US dollar primarily after global crude oil prices started to come under pressure.

Oil prices began to settle this week, despite persistent worry about the global economy, after reports emerged that Asian government were considering fiscal stimulus measure in anticipation of the slowdown.

Market participants are tracking L&T share price, Maruti Suzuki share price, DHFL share price, Vakrangee share priceas they announce their December quarter results today.

You can also read our analysis of some recently released Q3FY19 results: Asian Paints, TVS Motor, Havells, Pfizer, ICRA, Bharti Infratel.

In the news from the telecom sector, Bharti Infratel share price is in focus today as the company has made a settlement with four operators, including Vodafone Idea that exited from its cell sites before the expiry of their contracts at a payment of around Rs 38 billion.

The payments include one-time charge of Rs 20 billion and rental of around Rs 18 billion.

Bharti Infratel share price is presently trading up by 4.7%.

Moving on to the news from the banking sector, Yes bank share price is witnessing buying interest today after the lender on Thursday named Ravneet Singh Gill as the new MD and CEO to succeed Rana Kapoor, whose term ends on January 31.

Shares of the company rallied around 15% yesterday and are presently trading 8% higher on back of the above news.

The company also reported their Q3FY19 results, posting 7% drop in its net profit at Rs 10 billion. Net profit in the corresponding quarter of previous year stood at 10.8 billion.

Net interest income grew 41% YoY to Rs 26.7 billion.

According to reports, Yes Bank's net provisions stood at Rs 5.5 billion because of Rs 5.71 billion of accelerated provisioning on exposure to a "stressed infrastructure conglomerate".

To know more about the company you can read Yes Bank Q3FY19 Result Analysis on our website.

At one time, Kapoor and Gill were both part of the foreign banking fraternity. Kapoor branched out to set up Yes Bank in 2003. Gill built a long career at Deutsche Bank and was appointed head of its India operations in 2012. He will step down from that post to take over as Yes Bank CEO by March 1, 2019.

Gill has spent his 32-year banking career at the German lender and taking over as India chief executive in July 2012.

Gill has handled capital markets, treasury, structured finance, foreign exchange, transaction banking, risk management, and private banking.

As per an article in The Economic Times, two names were sent to the RBI last week and Gill, by being an outsider along with his experience as CEO of a bank was the frontrunner.

Here's an excerpt from the article:

• With Gill and Monga in the fray, the bank board thinks they have two strong candidates. Monga has been with the bank almost since inception and is ready to take over from tomorrow. Gill has been Deutsche India CEO since 2012 and has been granted an all-clear by RBI just in July 2018. His experience and pedigree cannot be ignored.

Speaking of interesting development in the banking sector, Tanushree Banerjee, Co-head of Research at Equitymaster believes that financial inclusion will be an important element in driving the growth for India.

Have a look at the chart below that shows the increase in Jandhan accounts over the years:

Financial Inclusion Will Be a Big Growth Driver

Here's what she wrote in today's edition of The 5 Minute WrapUp...

• Financial inclusion is an important element of economic growth because it enables individuals and businesses to access financial products that meet their needs.
  
  As mentioned earlier, the reform that the Prime Minister Modi introduced - the opening of Jandhan accounts - was a big positive for India.
  
  The opening of these accounts helped increase the number of savings and current accounts in the country.
  
  And this trend is not done. It will play out in the coming years too.