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

  • Modi’s interview with Times Now failed to reveal the mind of the man

    For a prime minister, who prefers monologue and one-way conversation on twitter and radio to long-winded one-on-one interviews, Narendra Modi’s 85-m

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Teachers must accept innovation

University teachers had been complaining for the past two years ...

Zehra Naqvi

How does a bird learn to sing?

There’s nothing like bir­dsong to give you a taste of ...

Dharmendra Khandal

The unfortunate death of a tigress & its repercussions

In nature it is not easy to gather investigative evidences, ...