BofA

Fed Chair Jerome Powell last night said "rate cuts are not in our base case" for the remainder of 2023

The survey of 299 fund managers, with a combined $847 billion in assets under management, found investors were still broadly cautious, but less so than in recent months

The market could go as high as 4,600, which would be a pretty great year, says Savita Subramanian

Revival in China's economic growth and policies could shrink this premium

Cash funds saw inflows of $62.1 billion this week, reflecting investor demand for dollars, which in turn saw the 19th straight week of outflows from gold funds

The second-largest US bank's consumer business reported a 12% jump in revenue, helped by higher balances and a rise in interest rates and a 9% jump in combined credit and debit card spend

The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory

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

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

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

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

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

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

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

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.

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

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

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

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

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.