The dollar slipped and global stocks held near a record as trading got underway in Asia on Monday. Gold and Treasury yields climbed.
HDFC 1140 TO 1126 & MUTHOOTFIN 1187 TO 1181 – Neal Bhai Reports
CASH — SELL HDFC 1142 TRG 1115—1085 SL PAID, HDFC: The mortgage lender has said the individual loan business has seen improvement in the second quarter, a sign that business is reverting to pre-covid levels.
HDFC 1755 to 1796 And BANKNIFTY 21400 CE 340 to 694 Boom Boom
“With the worst of the NBFC crisis now behind for the sector especially concerning the liability side, we see strong franchises like HDFC to be key beneficiaries going forward,” said JM Financial.
BUY HDFC 1755 TRG 1770-1800-1840 SL PAID – NEAL BHAI REPORTS
The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks. The argument for cutting interest rates below zero is the same as cutting interest rates above zero: …