Page 2 - Bofa

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 ...

Amazon surges as stock split, buyback excite investors

The company on Wednesday announced a 20-for-1 stock split, its first since 1999, and a $10 billion share buyback

Brent crude could jump by $20 if Ukraine crisis worsens, says BofA

Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research said

Market wrap: Sensex snaps 3-day rally, ends 191 pts lower; Nifty holds 17k

Data Patterns sees blockbuster debut at 48% premium; HCL Technologies surges 5% amid block deal buzz; L&T Finance Holdings dips 7% on divestment of Asset Management business

Market outlook 2022: Brokerages remain upbeat; see Sensex at new high

Inflation, winding down of stimulus from major central banks such as the US Fed and the ECB, developments in China and the impact of the new Covid variants, if any, are some of the key risks

BofA fund manager survey least bullish since Oct 2020, cash at 12-mth high

Finds investors are increasingly worried about global growth expectations, stagflation and China

Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise

In a recent report, analysts at Goldman Sachs suggested they see Brent crude oil prices at $90 per barrel by December 2021 on the back of a larger-than-expected demand-supply deficit

Fund managers sour on stocks have nowhere else to go, says BofA

The outlook for global growth and profits in September slumped to the lowest in more than a year, according to the survey conducted September 3 to September 9

Tech View: Zee Entertainment, Zee Learn & Zee Media can rally up to 30%

The Moving Average Convergence Divergence (MACD) has crossed the zero line almost after 2 years in Zee Learn stock

Rakesh Jhunjhunwala, BofA buy Rs 225-crore Zee Entertainment shares

At the end of June 2021 quarter, Bofa Securities held a 1.03 per cent stake in Zee

Around 18 unicorns to hit street with $11-12 bn IPOs in 2 years: Bofa

The fast swelling unicorn universe in the startup ecosystem is set to witness a flurry of share sales as around 18 large startups are set to hit primary markets, according to a Wall Street brokerage

Indian investment bankers tighten grip over the league table

ICICI Securities, Axis, Kotak among top 5 managers of equity issuances

Equity market has run its course, Nifty to hit 15,000 by Dec 2021: BofA

A Wall Street brokerage has warned of a 9% near-term correction for the equity market, saying the street has only limited runway to continue the rally that began in the second half of last year

84% in BofA Fund manager survey says US Fed will signal taper by year end

The BofA Survey was conducted between August 6 and 12 with over 250 panelists with $749 billion in assets under management (AUM) participating