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

  • Mental illness needs to be treated not dismissed as madness

    We’re all mad here.” So said the Cheshire cat to Alice (Alice in Wonderland, Lewis Carol). It’s a matter of perspective who we call mad.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Sanskrit: a victim of academic schizophrenia

J Robert Oppenheimer, the father of the atomic bomb and ...

Zehra Naqvi

God save the child

Childhood is supposed to be the best phase in life. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture