Bofa Merrill Lynch

Britain's Vodafone Group said last month it was in talks to merge its Indian subsidiary with Idea Cellular in an all-share deal. The merger will create India's largest mobile operator with about USD 12 billion in sales.

BofAML expects a 25 bps rate cut in October policy meet

Even though BofA Merrill Lynch forcasts July consumer price index (CPI) inflation to hit 6 percent, it feels RBI is going to cut rates because CPI will eventually come down to the targeted 5.1 percent by March 2017.

Grexit may stall FPI inflows into India: BofA

In case of Greece's exit (Grexit) from the Eurozone, foreign portfolio investment (FPI) equity inflows into India could stall as markets would swing to risk off, Bank of America Merrill Lynch said in a research report.

Investors fear global economic recovery could falter: BofA

According to the BofA Merrill Lynch fund manager survey for October, investors are concerned that global economic recovery could falter, while emerging market confidence have started to rebuild.

Jyotivardhan Jaipuria underweight on power sector

Jyotivardhan Jaipuria, Head of Research at BoFA Merrill Lynch is underweight on power sector.

Mkt to dip 6-8% in few weeks; bet on telecom, auto: BofA ML

Jaipuria feels that elections will now become a major overhang for the market and things won't pick up just because of new government

LinkedIn eyes up to USD 1.35 bn from share sale

The share sale, which commenced yesterday, will close on September 10, 2013 and the company has fixed a price of USD 223 per share of Class A common stock.

RBI steps to delay banks' NPA recovery process: BofA ML

Given the way rupee has appreciated, Jyotivardhan Jaipuria doesn't see bright prospects of interest rate cuts for few months.

Golden ratings era ending for emerging markets

Between 2007 and 2012 emerging economies earned almost 200 rating upgrades from the three main agencies, nearly half of them were promoted to the top 'investment grade' category.

Allocations in emerging markets lowest since 2008

The BofA Merrill Lynch Fund Manager Survey for June showed that about 9 percent of asset allocators were underweight emerging market equities - the first underweight reading since 2009 and down from a 3 percent overweight position in May.

Infosys facing downgrades; underweight on FMCG, IT: BofA ML

Given the dismal Q4 earnings, Jyotivardhan Jaipuria, head of research, BofA Merrill Lynch expects IT giant Infosys to see a slew of downgrades soon.

Primary mkt to get FII flows; see lukewarm Budget: BofA ML

After a good run, Indian indices have pulled back a bit in the last few weeks, which indicates that the expectations going into the Budget are not very high, says Jyotivardhan Jaipuria, head of research, BofA Merrill Lynch.

Domestic MFs sell shares worth Rs 9K cr in Oct-Dec

Domestic mutual funds seem to have taken a bearish stance in the stock market during the last quarter when they offloaded shares worth Rs 9,000 crore (about USD 1.65 billion) despite a significant uptrend in the overall market and impressive buying by foreign investors.

Warburg Pincus to sell stake in WNS for $192m

Warburg Pincus today said it plans to sell its entire holding of over 14.5 million American depositary shares (ADS) in BPO firm WNS, through which the private equity firm expects to raise about USD 192 million.

Jaipuria neutral on IT sector

Jyotivardhan Jaipuria, Head of Research, BofA Merrill Lynch is neutral on IT sector.

BofA ML expects 'great rotation' to happen this year

Jyotivardhan Jaipuria, Head of Research at BofA Merrill Lynch says most of his clients are modestly overweight on India right now.

Overweight on autos; expect CRR cut on Oct 31: Jaipuria

Jyotivardhan Jaipuria, Head of Research at BofA Merrill Lynch expects aggregate earnings growth at around 10% for this fiscal year.

Global market correction due in Sept: BofA Merrill Lynch

After a decent rally in US markets, Mary Ann Bartels of BofA Merrill Lynch Global Research believes that fatigue is creeping in.

Mkt to remain rangebound but downside protected: Jaipuria

Jyotivardhan Jaipuria of BofA Merrill Lynch expects the market to remain rangebound, but adds that the downsides are fully protected due to ample liquidity and a lot of hope that the government will finally muster the strength to take up on some much-needed reforms.

May have seen peak of risk on trade for now: Jaipuria

According to Jyotivardhan Jaipuria of BofA Merrill Lynch, the market is going to see a lot more stock specific moves rather than broad sectoral trends.

Eros International files $250m US IPO

Film entertainment company Eros International PLC filed for a U.S. initial public offering of up to USD 250 million and said it intends to delist from London's junior AIM market.

Mkts to correct if oil rises by more than $10/bbl: BofA-ML

Jyotivardhan Jaipuria, head of research at Bofa Merrill Lynch expects the government's borrowing to go up, which will see the yield on the benchmark 10-year bonds remain in the upper circuit at 8-8.5%.

Budget 2012-13: Market may remain range bound ahead of Q4 results: BofA-ML

Jyotivardhan Jaipuria, head of research at BoFA Merrill Lynch said Budget expectations were low. He further states that looking at the subsidy numbers in the Budget one can assume that oil prices will be increased.

Jyotivardhan Jaipuria overweight on auto space

Jyotivardhan Jaipuria, Head of Research, BofA Merrill Lynch is overweight on auto space.

Jyotivardhan Jaipuria neutral on telecom space

Jyotivardhan Jaipuria, Head of Research, BofA Merrill Lynch is neutral on telecom space.