Bofa Ml

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.

GDP growth in FY'19 likely to see marginal pick up at 7.2%: Report

According to global brokerage Bank of America Merill Lynch (BofA-ML), economic recovery will continue to be driven by consumption, supported by a pre-poll step up in public spend rather than investment, given the persistence of surplus capacity and tight 3.2 per cent of GDP fiscal deficit target.

Fed to announce balance sheet unwind in September, hike rates in Q4: Poll

Results in the survey are in line with what Fed officials have hinted at in recent weeks, even as they are split on the outlook for inflation and how the lack of it might affect the future pace of interest rate hikes.

April CPI inflation to slip to 3.2% from 3.8% in March: BofA-ML

According to the global financial services major, food prices are likely to fall on a good summer rabi harvest and this in turn is expected to bring CPI inflation down.

BofAML, CLSA see up to 50% slide in Union Bank of India post Q4 results

Need cos to start delivering on growth; see Sensex at 29K by Dec: Sanjay Mookim

“In the near term, the ride through the earnings season will be very bumpy. Even in the March quarter, I expect some heartburn. I need companies to start delivering on growth again and is one area in which there is room for error in March quarter,” Sanjay Mookim, Director, India Equity Strategy at BofA ML told CNBC-TV18.

TCS buyback: Analysts hail move but see limited upside to stock

Analysts feel price and quantum of buyback better, but challenges in business environment on the back of H1-B visa issue, clarity on client budgets to impact the stock.

Monetary Policy: RBI may cut rates by 25 bps; CPI target keenly watched

All eyes will be on the Governor Urjit Patel's commentary on the inflation target and how he approaches the ultimate cpi goal of 4 percent.

50-75% cut in bank lending rates likely by September: BofA-ML

Finance Minister Arun Jaitley has cut the fiscal deficit target to 3.2 percent of GDP for 2017-18 - lower than the 3.5 percent target for 2016-17.

'FRBM panel to relax 2017-18 fiscal deficit target to 3-3.5%'

According to Bank of America Merrill Lynch (BofA-ML), the N K Singh Committee would build cyclicality in setting fiscal deficit projections by switching to a target range (3-3.5 percent) from a point target of 3 percent.

RBI may effect 25 bps rate cut on Feb 8, in April: BofA-ML

According to the global financial services major, further easing is likely as demonetisation is hurting growth while inflationary pressure is benign and the government is expected to target a conservative fiscal deficit of 3.5 percent of GDP.

BoFA-ML pegs Sensex target at 29,000 for 2017

Pegging the Sensex target at 29,000 for December-end 2017, global financial services major Bank of America Merrill Lynch (BofA-ML) said Indian equity markets should deliver positive returns in the year despite uncertainties created by demonetisation and GST.

FM to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML

According to global financial services major Bank of America Merrill Lynch, (BofA-ML) the financial year 2017-18 fiscal deficit target is likely to be the same as this fiscal.

'Lower lending rates to cushion note ban,50-75 bps cut likely'

An open market operation (OMO) is a market operation conducted by RBI by way of sale or purchase of government securities to or from the market with an objective to adjust rupee liquidity conditions on a durable basis.

IDS II to fund Pay Commission, PSB recapitalisation: BofA-ML

The government is expected to raise Rs 1,00,000 crore of additional taxes under the Income Disclosure Scheme II (IDS II), which in turn will help in containing the 2017-18 fiscal deficit, says a report.

US policy to decide EM fate; world GDP seen @3.5%: BofAML

In an interview on CNBC-TV18, Ethan Harris said that trade protectionism will remain a threat next year and the policy mix of US under President-elect Donald Trump will decide the course for emerging markets in 2017.

Dec quarter growth may slip to 5.5-6% on demonetisation: BofA-ML

The global financial services major reported that the Reserve Bank of India is expected to go for a 25 bps rate cut in its February 8 policy review meet after industrial production contracted by 1.9 percent in October.

Analysts expect a cut as India battles demonetisation

A majority of analysts and bankers are expecting RBI Governor Urjit Patel-led Monetary Policy Committee (MPC) to cut rates by 0.25 percent today, with some expecting a 0.50 percent reduction.

BofA cuts FY17 growth forecast to 6.9% amid demonetisation

India's GDP accelerated to 7.3 percent in the September quarter, pushed mainly by farm output, although the momentum may be hit in the coming months owing to demonetisation.

Govt likely to meet next year's 3% fiscal deficit goal:BofA-ML

According to Bank of America Merrill Lynch (BofA-ML), the imposition of 50 percent penalty on black money deposits is likely to help the government meet its fiscal deficit target of 3 percent for 2017-18 and the additional capital would also help to recapitalise PSU banks.

Expect rupee to trade in range 68.05-68.20/USD: Jayesh Mehta

Demonetisation has speeded up process of yields heading to below 6 percent levels, says Jayesh Mehta, BofA ML.

'Good rains to boost rural demand; Kharif farm income to rise'

According to global financial services major Bank of America Merrill Lynch (BofA-ML), the revival in rural income growth along with the payment of 7th Pay Commission arrears this month implies a consumption driven recovery for the country rather than an investment driven one.