I can answer your question on face value - no, it should not have an impact on your admission if you are currently enrolled in an masters program.
However, there are other factors in your profile that can impact your admissions status to an MBA program. Consider that employment, undergraduate and graduate academic performance, etc., will all have an impact on your admission profile. Your question doesn't give enough information information to give overall feedback.
I hope my response is helpful to you. Let me know if I can assist you further.
15 Years as Director of MBA Admissions - Now Working For the Applicants as the MBA Admissions Coach
Wendy Flynn is the MBA Admissions Coach, providing comprehensive MBA admissions consulting services. As the former Director of MBA Admissions for 15 years at a top-30 MBA pgoram, Wendy holds deep expertise in admissions issues for Full-Time, Executive and Professional (Part-Time) MBA Programs. Through her blog, MBA Expert Insights, she brings the view of the Director of MBA admissions to MBA applicants and others.
MBA Expert Insights Blog: http://www.mbaadmissionscoach.com/blog/
Member of the AIGAC, Association of International Graduate Admissions Counselors