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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • State-owned banks can ride technology surge to penetrate retail segment

    For the first time in recent history, two large private sectors banks, ICICI and Axis have reduced their headcounts.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Amita Sharma

The rabbit hole of outcome budgets

Would you tell me, please, which way I ought to ...

Zehra Naqvi

Dignity of labour is dignity of life

M Rafi Khan, a retired police IG, used to ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture