Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 started Wednesday’s session on a negative note tracking weakness across global markets as focus returned to the possibility of aggressive monetary policy tightening to fight inflation.
According to CLSA, the rising LNG prices are hurting the volume, meanwhile, there was a monthly uptick in gas consumption but very weak quarterly trends.
One of the important things he likes about the proposed HDFC-HDFC Bank merger is the increase in the size of mortgage assets on the books.
In a situation like this, when the margins are expected to come down, when you have a secured asset like housing, even though it is slightly lower margin at this point of time, you have a relatively stable book as far as the bank is concerned.