Equity benchmarks remained directionless in afternoon trade with the Nifty hovering around 8100 level while the broader markets turned positive.
The government is mulling banning exchange of old Rs 500 and Rs 1000 currencies in a few days, officials told CNBC-TV18.
Also, the government is likely to clarify the penalty provisions for high value cash deposits. The 200 percent tax penalty suggested earlier does not exist under any of the present laws. Officials said that the government could also amend tax laws to include a penalty provision on high cash deposits.
