Nifty struggles below 8000 ahead of F&O expiry; Asian Paints up - Dollar Advisory & Financial Services

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Thursday 24 November 2016

Nifty struggles below 8000 ahead of F&O expiry; Asian Paints up

Equity benchmarks continued to trade lower on profit booking after two-day rally and ahead of F&O expiry. The Sensex was down 103.61 points at 25948.20 and the Nifty down 39.35 points at 7993.95. The market breadth improved as about 1111 shares advanced against 938 declining shares on the BSE. 10:40 am Interview: Dipak Gupta, Joint MD OF Kotak Mahindra Bank, said that it is early to surmise on the impact of demonetisation. He also stressed that the impact is felt not just on the liability side of the bank’s balance sheet but some of it in the short-term gets offset by asset-side gains. He believes that in the event of increasing liability for banks, deposit rates will come down. He mentioned it doesn’t affect the bank's net interest margins.

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