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Supreme Court dismisses ₹244 crore tax demand against Bharti Airtel

pre-market1 source ↓written by the desknot a recommendation

service tax demand
₹244 crore

The Supreme Court dismissed a ₹244 crore service tax demand against Bharti Airtel, affirming the Customs, Excise and Service Tax Appellate Tribunal's ruling. The case involved the company's employee call allowance scheme, which the CGST Department claimed was taxable. This ruling may enhance Bharti Airtel's financial position and investor sentiment. 📈

• Demand dismissed: ₹244 crore

• Tax period: October 2004 to September 2009

• Potential impact: Positive for Bharti Airtel's valuation.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 6 Nov 2025, 07:15 IST.

Sourcesnews.google.com

The market after the news

BHARTIARTL closed −0.9% on the day of the news, from ₹2,113.30 to ₹2,094.90; Nifty −0.3% over the same session; futures OI −1.4%.

Bulletin at 07:15 IST on 6 Nov 2025. Every change is measured from ₹2,113.30, the last close before it, on 4 Nov. Nifty 50 is measured over the same sessions.

  • BHARTIARTL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BHARTIARTL closes around the bulletin against the close before the news, with Nifty 50 rebased to it196721132260axis spans 15%before the news · 4 Nov2113Nifty 50BHARTIARTLbulletinD0+1+3+529 Oct11 Nov20 NovFutures open interest, lotspeak 95,000Reference close ₹2,113.30. 16 sessions from 29 Oct to 20 Nov; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before4 Nov₹2,113.30basebase
On the day6 Nov₹2,094.90▼ −0.9%▼ −0.3%−0.5 pp difference
+1 session7 Nov₹2,001.20▼ −5.3%▼ −0.4%−4.9 pp difference
+3 sessions11 Nov₹2,042.30▼ −3.4%▲ +0.4%−3.7 pp difference
+5 sessions13 Nov₹2,091.80▼ −1.0%▲ +1.1%−2.1 pp difference
Gap at the open, % · ₹
▲ +0.1%+1.69 on 6 Nov
Day's range, % · ₹
2.0%≈ 43 high to low
Volume on the day
1.88×the 20-session average
Futures OI on the day
▼ −1.4%−1,300 lots · long unwinding · price −0.9%
Futures OI open, lots
90,0006 Nov · 25 Nov expiry
Futures premium, ₹
+8.50+0.4% to spot
Puts per call, by OI
0.40from 0.42 the session before
Max pain
2,080from 2,080 the session before

Source NSE UDiFF bhavcopy · BHARTIARTL on the desk →

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