Epic Research

Thursday, December 29, 2016

Sensex, Nifty open flat on F&O expiry day; Bharti, HDFC drag

As auto companies gear up to announce December sales data analysts say real impact of demonetisation on auto sales volumes is expected to be felt in December. According to Motilal Oswal, two-wheelers are likely to be worst hit on account of demonetisation. Nomura sees December wholesales to be impacted by a sharp decline in retail sales due to demonetization, and inventory de-stocking by original equioment manufacturers (OEMs) to clear off 2016 model year inventory.

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