Go First insolvency to impact a few banks; IndiGo a good trading bet: Dipan Mehta

The insolvency of Go First, previously known as GoAir, may impact select banks, resulting in concerns about the net interest income and raising resources. The market has been moving in a narrow range for many weeks, and many months need a good earnings season like this to break out on the upside, says Dipan Mehta, Director, Elixir Equities. InterGlobe Aviation looks like a good trading bet with strong performance and returns.