BofA ML raises target prices on banksOverall, at the sector level the June quarterly results were mixed, but slippages of most banks declined, giving confidence that they have ...
Sun Pharma gains 2% as Street cheers latest USFDA approval for generic drugBrokering houses remained positive on the stock, with CLSA and Bank of America-Meryll Lynch (BofA ML) maintaining buy ratings on the scrip.
Profit of Sensex firms likely to fall 3.7% in Q2: BofA-MLAccording to Bank of America Merill Lynch (BofA-ML), 12 out of the 30 Sensex companies are expected to show a contraction in profits.
Rupee appreciates against US dollarThe local currency had closed at a fresh six-week low of 64.16 on Monday amid persistent demand for the greenback from banks and importers.
India remains investors’ top choice among emerging markets: Bank of America Merrill LynchAccording toexperts, global investors have reduced their exposure to emerging market equities amid weak earnings prospects, weak Chinese ec...
RBI prefers Rupee at 62/$; won't let it depreciate beyond 65: BofA-ML"Our call that the RBI will hold Rs 58-62/$ has held so far, although the stronger US Dollar may force a temporary breach," the bank says.
ICICI Bank gains as BofA ML raises target priceThe brokerage is expecting re-rating in the stock and is of the view that it can almost double in next 3-4 years period.
June quarter GDP to be at 6 per cent; FY15 GDP at 5.4 per cent: Bank of America Merrill LynchThe country's economic growth rate is expected to revive amid improvement in business confidence level and industrial production.
RBI to lower key rate by 0.75% this fiscal: BofA MLThe Reserve Bank is likely to switch focus to supporting growth from fighting inflation and is likely to go for 0.75 per cent rate cut in t...
India facing a 'rupee dilemma', government may take measures to address stalemate: BofA-MLThe rupee vs dollar exchange rate stalemate is likely to continue till the RBI rebuilds its foreign exchange reserves, says a report.
FY'13 current account deficit seen at 5.1%, says BofA MLIt has hiked its FY'14 CAD forecast to 4.3 per cent of GDP from 3.8 per cent with slowing global recovery likely to delay export turnaround.
Global investors bullish as economy on growth path: BofA-MLGlobal investors are assigning more funds to equities in the New Year as the global economy has regained the growth path, says a BofA-ML Fu...
Reduced US Federal Reserve easing likely to help India: BofA Merrill LynchA lower quantitative easing by the US Fed is likely to help India as it will enable the RBI to pull down rates by curtailing "imported" inf...
Tata Motors hits 52-week high; BofA-ML upgrades to ‘buy’Tata Motors Ltd was the best performing stocks in the BSE Sensex, gaining nearly 79 per cent in the year 2012, helped by JLR performance gl...
Rupee to touch 51 against US dollar by December: BofA MLHigher forex reserves are key for the recovery of rupee and is not likely to strengthen beyond Rs 50 a dollar without RBI intervention, sai...
- BofA-ML sees 20% upside potential in Infosys, upgrades to ‘buy’
BofA-ML believes that for the coming quarter Infosys should report results which are in line with or better than expectations on better dea...
- BofA ML retains buy on Cairn post CEO exit
BofA Merrill Lynch has retained its buy rating on Cairn India after the company announced its managing director and chief executive officer...