23. • Demonetization will cause short-term cause pain (Moderation n economic
growth, Disruption of trade, Lower activity in informal sector, disturbance
in supply chain etc.
• Operating deleverage Impact coming to India
• GDP growth for FY17 Revised Downward to 6.7%
• Sensex EPS Estimate cut by 2%
• Nifty EPS cut by 2%