MFs see strong inflows despite negative market sentiment:BofA
MFs see strong inflows despite negative market sentiment:BofA

 Domestic mutual funds have continued to receive strong inflows from investors in the last 18 months with their ownership in Indian equities at an all-time high of 4.6 per cent despite some gloom in the markets, says a report.

India offers relative value in 'slow-growth' world: BofA-ML
India offers relative value in 'slow-growth' world: BofA-ML

India is growing faster than most emerging market peers and the country is expected to clock a GDP growth of 7.4 percent this fiscal, a Bank of America Merill Lynch report says.

India to meet fiscal targets despite revenue drop: BofA-ML
India to meet fiscal targets despite revenue drop: BofA-ML

Government is likely to meet its fiscal deficit target this year despite risks of shortfall in tax collection and disinvestment proceeds, as it may go for a small reduction in public spending, says a report.

Execution, capital issues persist in infra sector: BofA-ML

Noting that infrastructure is witnessing a gradual revival, a BofA-ML report said the sector is still faced with challenges in terms of working capital requirements and execution issues.

Markets to remain volatile in Sept-Nov: BofA-ML

Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections, Bank of America Merrill Lynch (BofA-ML) said in a report.

RBI to pause on Aug 4, 50bps cut likely in early 2016: BofA-ML

The Reserve Bank is likely to maintain a status quo on rates in its third bi-monthly policy meet on August 4, taking into account "poor rains" and will go for a 50 basis points rate cut in early 2016, a Bank of America Merrill Lynch report said today.

Rains key to August 4 RBI rate cut: BofA-ML

"We worry about the dry spell since late June as the bulk of the cropping takes place in July and August," BofA-ML said adding that "rains have slipped to 92 per cent of normal from 116 per cent in June".

BofA-ML sees wholesale price 'deflation' continuing till Oct

American brokerage Bank of America-Merrill Lynch (BofA-ML) on Friday said the "deflation" on the wholesale price index is likely to continue till October.

Reliance Jio may look at acquiring VoIP licence: BofA-ML

With a government panel upholding the principles of 'net neutrality', Reliance Jio will possibly look at acquiring a VoIP (Voice Over Internet Protocol) licence but may not offer free calls through this route, a research note said Friday.

Investors jittery over lack of real change on ground: BofA-ML

As the Modi government completes first year in office, though almost all American investors are "overweight" on the country, they also complain that nothing is changing on the ground, says a report by Bank of America -Merrill Lynch.

Sensex to touch 54,000-mark by 2018: BofA-ML

The Sensex is expected to touch 54,000 by end-2018, although it is likely to slide over the next few months as "nothing has changed on the ground yet", says Bank of America Merrill Lynch (BoFA-ML).

ECB liquidity drive to offset Fed tapering impact: BofA-ML

Foreign brokerage Bank of America-Merrill Lynch (BofA-ML) Friday said ECB's over USD 1 trillion injection will support investor inflows into the country and the Reserve Bank will use the same to recoup forex reserves.

2015 to see lower rates to support growth; 1st cut in Feb: BofA

According to BofA-ML, the INR would appreciate when the RBI cuts rates and its forex strategist with rupee likely to trade at Rs 62/USD levels in March 2015.

Analysts see FY15 CAD at 1.4% on further likely fall in crude

Analysts have allayed fears of widening current account deficit, which is 2.1 percent of GDP for the July-September period, and pegged it in the range of 1.4 to 1.8 percent for the full 2014-15 fiscal due to falling crude oil prices.

RBI to cut rates by 0.75% in 2015, starting Feb: BofA-ML

The Reserve Bank is likely to cut rates beginning February as inflation is expected to reach the targetted 8 percent by next January, says a Bank of America Merrill Lynch report.

USD/INR likely to end 2014 at 61 despite strong USD: BofA-ML

According to the global financial services major, the USD/ INR is likely to end the year at 61 despite a strong USD. It has also revised its end-2015 forecast to 60 after factoring in a stronger balance of payments (BoP).

BofA-ML sees India's current fiscal CAD down at 1.7%

India's current account deficit (CAD) is likely to narrow down to 1.7 percent of GDP this fiscal but may widen to 2.3 percent in FY16, says a report.

Sensex, corp earnings set to double in 4 years: BofA-ML

The Indian benchmark Sensex is the best performing index among major global markets so far this year and this as well as corporate earnings are expected to double over the next four years, a Bank of America Merrill Lynch report says.

June quarter GDP to be at 6%; FY15 GDP at 5.4%: BofA-ML

India's GDP growth rate in the first quarter of this fiscal year is likely to be around 6 percent up from 4.6 percent in March, driven up by higher industrial growth, a Bank of America Merrill Lynch report says.

Rural demand to remain tepid this fiscal: Report

Rural demand will continue to remain subdued for some time due to the deceleration in farm income, says a report.