Page 3 - Bofa

BofA cuts Nifty target to 17,500, cites rupee depreciation, global slowdown

In August, BofA had revised its Nifty target upwards twice citing reduction in macro uncertainty

India OIS curve may steepen on overcooked rate hike bets: BofA Securities

BofA expects the Reserve Bank of India to raise rates by 25-35 basis on Sept. 30 and reckons the policy rate will reach 6.5% by end-2023, much later than what some investors are expecting

Global race to hike interest rates tilts economies towards recession

BofA sees UK and euro area falling into recession in the fourth quarter as surging energy costs take their toll on economies this winter

JPMorgan and BofA cautious on job cuts as Goldman Sachs' layoffs loom

As the risk of recession looms and the Federal Reserve raises interest rates to curb inflation, deal markets have dried up

Abrdn to offload 2% in HDFC Life in block trades, put 43 mn shares on block

Price range set at Rs 564.1-578.55 per share; sale could fetch UK-based financial major at least Rs 2,425.6 cr

BofA's new target: Nifty50 to trade in 17,000-19,500 range this year

Brokerage has revised the mark upwards for the second time this month

Market sentiment gets a boost as FPI selloff stems in July after 10 months

What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.

BofA Securities Europe SA offloads Delta Corp shares worth Rs 31 crore

The shares of the company were disposed of at an average price of Rs 192.56 apiece, valuing the transaction size at Rs 30.91 crore.

Investor sentiment in doldrums, growth optimism hits record low: BofA study

Survey shows while inflation is seen falling, mood is stagflationary; recession expectations highest since May 2020; global growth and profits at all-time lows, cash levels highest since 9/11 attacks

5 reasons why BofA Securities has cut year-end Nifty target to 14,500

Clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022., it said

Jio, Airtel in position to buy pan-India spectrum, VIL bid unclear: Report

Research analysts at BofA were of the view that Vodafone Idea (VIL)management has focused on top core circles and the company may selectively bid in their core 3G and 4G circles

Elevated levels of risk aversion akin to 2008 global meltdown: BofA survey

Covid-19 - which had ruled the charts as the biggest risk between 2020 and 2021 - has slipped down the pecking order, with only a net 1 per cent of respondents seeing it as a threat

BofA slashes Nifty target to 16k by Dec on inflation, rate hikes concerns

After scaling many new highs, Dalal Street ended the fiscal 2022 with a healthy 18 per cent gains, and ended calendar 2021 with a healthier 24 per cent gains.

Bofa cuts Nifty target by 1,000 pts to 16,000, sees flat market this year

Says any easing in global crude, FPI outflow reversal and bottoming of rupee will be positive for market. Key downside risks include higher global inflation and faster rate hikes

Higher food prices to aid farm income, even as costs rise: BofA Securities

A normal monsoon will help raise agri output while higher food prices will help increase farm incomes, says the report

FII ownership of NSE 500 stocks at 3-year low: BofA Securities

Given the multiple headwinds, BofA Securities expects markets to be sideways the near-term given inflation impacting volume growth and margins across several sectors

Jan/Feb market sell-off was an just an appetizer: BofA Securities survey

Global growth optimism, according to the survey findings, was at an all-time low, with recession fears surging in the world's investment community.

Nasdaq and S&P 500 slide as higher yields hit growth, technology stocks

The Dow Jones Industrial Average was up 11.89 points, or 0.03%, at 34,595.46, the S&P 500 was down 17.23 points, or 0.38%, at 4,482.98

Goldman Sachs cuts 2022 FPI flow projection to India by over 80% to $5 bn

Equity inflows over the last three years from 2019-2021, according to a note by BofA Securities, totaled over $40 billion, out of which nearly $14 billion has left in the first quarter of 2022

Stocks sway on Wall Street as oil slides to $100 per barrel

Stocks are swaying on Wall Street as waves of market-moving forces crash into each other and keep trading jumbled, from war in Ukraine to an upcoming Federal Reserve meeting on interest rates. The S&P 500 was down 0.2% in afternoon trading after the yield on the 10-year Treasury touched its highest level since the summer of 2019. The Dow Jones Industrial Average was up 171 points, or 0.5%, at 33,115, as of 12:18 p.m. Eastern time, and the Nasdaq composite fell 1.2%. Elsewhere around the world, markets pulled in opposing directions. European markets climbed, while stocks fell sharply in Hong Kong after the neighboring city of Shenzhen was ordered into a shutdown to combat China's worst COVID-19 outbreak in two years. Oil prices tumbled to take some pressure off the high inflation sweeping the world, with a barrel of U.S. crude falling toward $100 after touching $130 last week. Markets have careened in recent weeks amid uncertainty about whether the economy may be heading for a ...