Bank Of America Merrill Lynch

Bank of America-Merrill Lynch's loan growth indicator says that loan growth will again fall after seasonal spurt in March.

Chart of the Day | Survey shows global fund managers are flocking to emerging market equities

Hopes of a US-China trade deal lead to optimism on global growth

Markets | Global Fund Manager Survey shows dangers lurking underneath a placid surface

Belief in central bank omnipotence is fading. Investors need to a close watch on how this tail risk evolves.

Markets | Global fund manager survey: if investors are the most bearish since the financial crisis, why are markets so high?

Central banks will once again ride to the rescue, but monetary policy impotence is an increasing risk

Comment | Long Emerging markets may be a crowded trade, but it's not overcrowded

Powell's U-turn makes EM equities most favoured among fund managers.

ArcelorMittal hires Bank of America to sell European steel assets

ArcelorMittal offered in March to sell its galvanized steel plant in Italy, as well as units in Romania, Macedonia, the Czech Republic, Luxembourg and Belgium as a concession to EU regulators for its 1.8 billion euro ($2.15 billion) bid for Ilva.

GDP growth to slip to 7% in H2 of FY19: Bank of America Merrill Lynch report

The government is expecting growth to rise to 7-7.5 percent in the next fiscal.

Bank of America Merrill Lynch to pay $26 million for allegedly failing to report suspicious transactions

The Securities and Exchange Commission and the Financial Industry Regulatory Authority will each fine Bank of America Merrill Lynch $13 million over brokerage account transactions that occurred mainly in 2010 and 2011 and were not properly policed for illicit activity, the sources said.

DLF's valuations look expensive; stock to underperform, target Rs 163: BofAML

There is likely potential risk of 6 percent equity issuance in DLF while the valuations look expensive for 3 percent FY19 return on equity, BofAML said in its report.

BofAML initiates buy on Prestige Estates; expects EPS CAGR of 40% over FY17-19

Prestige Estates is expected to show growth of earnings per share (EPS) at coupound annual growth rate (CAGR) of 40 percent over FY17-19 while on the other hand return on equity (RoE) is set to rise to 10 percent in FY19.

Buy Bharti Airtel; expect channelisation of India ops for debt repayment: BofAML

A major improvement in equity value is possible in a scenario Bharti divests its controlling stake in Infratel and uses the proceeds to repay debt, says BofAML.

Retain cautious stance with December Sensex target at 30000: BofAML's Sanjay Mookim

Mookim feels there is little room for further upside, while market is susceptible to reversal of the global tide.

Loan demand to pick up to 15% in 2017-18: BofAML

"Our BofAML liquidity model forecasts that loan growth will pick up to 15 per cent from 9.1 per cent in 2016-17 as the demonetisation shock works itself out," BofAML said in a note.

Farm loan waivers to be 2% of GDP by 2019 polls: BofAML

This covers bank loans to farmers with up to 5 acres of land. The report said the Ministry of Finance will have to fund farm loan waivers by UDAY-type bonds to limit market impact. On Saturday, the Maharashtra government waived loans of Rs 300 billion/0.2 per cent of GDP owed by farmers with up to 5 acres of land by October.

SBI set to hire six banks for up to $2.3 billion share sale: Report

A total 17 banks had bid to underwrite the so-called qualified institutional placement, for which SBI will pay a nominal fee of one rupee, IFR, a Thomson Reuters publication, reported.

Merrill Lynch's Sanjay Mookim is cautious on market for near term, sees growth picking-up 2-3 years

Sanjay Mookim of BofAML says macro story in the long run is positive and that household capex will also see a pick up. He likes private sector, retail focused banks and is worried on IT

Normal rains to prop rural India; RBI rate cut on cards: BofAML

According to the global financial services major, rural demand is already reviving and the autumn kharif farm income has jumped by 26 per cent last year.

March CPI inflation makes August rate cut case stronger: BofAML

According to the global financial services major, inflation risks are overdone and noted that food inflation is coming off while El Nino is a swing factor and commodity prices are likely to stabilise in 2017, reducing the pressure on imported inflation.

RBI may go for 25 bps rate cut in August: Report

At the April 6 policy review meet, the RBI kept repurchase or repo rate -- at which it lends to banks -- unchanged at 6.25 per cent but increased reverse repo rate to 6 per cent from 5.75 per cent.

RBI may keep rates unchanged in April; cut 25 bps in Aug: BofAML

The RBI shifted to a neutral stance from accommodative in February and this, in turn, may prompt the central bank to hold rates in the ensuing meet early next month.

82% users willing to continue with Jio post free offers: Survey

Nearly 82 percent of Reliance Jio users surveyed have expressed their willingness to continue with its services even after the free offers ends, a Bank of America Merrill Lynch survey today claimed.

Earnings recovery continues to be elusive, see positive policy surprises: BoAML

PM Modi's recent victories in state elections could lead to positive policy surprises, and that is a risk to underweight rating.

Analysts retain buy on Sun Pharma as USFDA clears Mohali, Halol unit resolution key

CLSA says Mohali plant clearance is a significant positive development for the company and shows progress on regulatory issues. Clearance makes a large oral solid dosage site available to de-risk existing sites.

GST likely to disrupt economy during transition period: BoAML

Coupled with the residual impact of demonetisation, Sensex consensus earnings are likely to be cut by 6-8 percent over FY18-19, Sanjay Mookim says.

Buy, sell, hold: 10 stocks that you can focus today

Kotak Institutional Equities cautioned the street of higher-than-expected stress in Bharat Financial's portfolio. It has retained reduce call with a target price of Rs 730.