Consensus bullishness biggest risk to Indian shares: BofA

Tags: Companies
Bank of America-Merrill Lynch says it met nearly 60 global investors over the past two weeks, and each was overweight on India.

That consensus bullishness may be the biggest risk to shares, BofA says, but sticks to its year-end target of 27,000 for the Sensex.

BofA adds in the near-term India could see a slight pullback on global concerns and a possible monsoon failure.

BofA notes investors interested in Indian midcaps still see low positioning for a domestic economic upturn.

EDITORIAL OF THE DAY

  • The TPP pullout can alter global trade and India needs to watch

    Global trade will never be the same after President Donald Trump withdrew US from the 12-member Asia Pacific Rim nations conglomeration popularly know

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: The cleansing & the yearning

As Twitter trolls went about their ugly business against Zaira ...

Rajgopal Nidamboor

Of body, brain and placebo effect

While most theories on human nature were based on conscious ...

Kuruvilla Pandikattu

Bias and prejudice exist in science too

Religion has caused a lot of harm to humanity. ...