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Nifty Index To Snap 7-Year Winning Run, End At Around 18,000 Points: Report
India's bluechip Nifty 50 index will end at around 18,000 points this year, about 5.5% higher than current levels but roughly flat with end-2022, as company earnings will be hit by high rates among other factors, BofA Global Research said.
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Nifty 50 Index Could Rise Nearly 5% In 2023: Report
BofA Securities expects the bluechip index to close at 19,500 points next year, while continuing to be volatile and trade between 17,000 and 20,000 levels for the year.
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A Future Rates Gauge May Steepen On Aggressive Rate Hike Bets: Report
A part of overnight indexed swaps curve, a gauge for future policy rates, may steepen as investors are pricing in a more hawkish-than-expected central bank stance, BofA Securities said on Friday.
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High Commodity Prices To Keep Rupee Under Pressure: BofA Securities
Elevated commodity prices could widen India's current account deficit, keeping the rupee under pressure until more sustainable capital flows can fill the gap, BofA Securities said in a note on Wednesday.
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Zomato Shares Fall Nearly 7 Percent After Reports of Uber Stake Sale
Zomato shares fell up to 6.8 percent on Wednesday, in their biggest drop in more than a week. The fall came a day after reports said that Uber Technologies planned to sell its entire stake in the Indian food delivery firm. Uber and Zomato did not immediately respond to Reuters requests for comment.
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Uber Said to Be Looking to Sell 7.8 Percent Stake in Zomato in $373 Million Block Deal on August 3: DetailsÂ
Uber could sell a 7.8 percent stake in food delivery firm Zomato, according to a document seen by Reuters. The offer size of $373 million (roughly Rs. 2,900 crore) is said to be based on the lower end of a Rs. 48 – Rs. 54 price range set for the block deal. On Monday, it was reported that Zomato is considering reorganising its management to have ...
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RBI Expected To Hike Repo Rate By 0.40% Next Week: Report
RBI is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said
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Jio, Airtel Ready to Buy Pan-India 5G Spectrum, VIL Uncertain: Report
Reliance Jio and Bharti Airtel are in a position to buy pan-India 5G spectrum but uncertainty remains around Vodafone Idea's bids for the radiowaves, according to a BofA Securities report released on Monday.
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RBI May Leave All Rates Unchanged In April Policy: Brokerage BofA Securities
Despite spiralling inflation, the Reserve Bank is likely to hold all key rates and retain the accommodative stance at the forthcoming policy review later this week, a Wall Street brokerage has said.
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Cryptocurrency Has Become 'Too Large to Ignore', Says New Research Report by Bank of America
Titled Digital Assets Primer: Only the First Inning, the report shows a detailed analysis of the current budding stage of the blockchain technology, while acknowledging the growth of the crypto sector.
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Airtel Africa Appoints Eight Global Banks For Initial Public Offering
The company has appointed JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd.
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Buffett's Berkshire On Verge Of Becoming BofA's Top Shareholder
Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third quarter.
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Banks Advising Vodafone India Merger Could Earn $40 Million. Cue, A Fight
Britain's Vodafone Group said last month it was in talks to merge its Indian subsidiary with Idea Cellular in an all-share deal.
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Banks Fight For $40 Million Fee Pot In Advising On Vodafone Merger: Report
Britain's Vodafone Group said last month it was in talks to merge its Indian subsidiary with Idea Cellular in an all-share deal.
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Bank Of America Merrill Lynch Lowers GDP Forecast to 7.4% For FY17
The global financial services major has lowered its GDP number by 30 bps to 7.6 per cent for the next fiscal (2017-18).
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Nifty Index To Snap 7-Year Winning Run, End At Around 18,000 Points: Report
India's bluechip Nifty 50 index will end at around 18,000 points this year, about 5.5% higher than current levels but roughly flat with end-2022, as company earnings will be hit by high rates among other factors, BofA Global Research said.
-
Nifty 50 Index Could Rise Nearly 5% In 2023: Report
BofA Securities expects the bluechip index to close at 19,500 points next year, while continuing to be volatile and trade between 17,000 and 20,000 levels for the year.
-
A Future Rates Gauge May Steepen On Aggressive Rate Hike Bets: Report
A part of overnight indexed swaps curve, a gauge for future policy rates, may steepen as investors are pricing in a more hawkish-than-expected central bank stance, BofA Securities said on Friday.
-
High Commodity Prices To Keep Rupee Under Pressure: BofA Securities
Elevated commodity prices could widen India's current account deficit, keeping the rupee under pressure until more sustainable capital flows can fill the gap, BofA Securities said in a note on Wednesday.
-
Zomato Shares Fall Nearly 7 Percent After Reports of Uber Stake Sale
Zomato shares fell up to 6.8 percent on Wednesday, in their biggest drop in more than a week. The fall came a day after reports said that Uber Technologies planned to sell its entire stake in the Indian food delivery firm. Uber and Zomato did not immediately respond to Reuters requests for comment.
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Uber Said to Be Looking to Sell 7.8 Percent Stake in Zomato in $373 Million Block Deal on August 3: DetailsÂ
Uber could sell a 7.8 percent stake in food delivery firm Zomato, according to a document seen by Reuters. The offer size of $373 million (roughly Rs. 2,900 crore) is said to be based on the lower end of a Rs. 48 – Rs. 54 price range set for the block deal. On Monday, it was reported that Zomato is considering reorganising its management to have ...
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RBI Expected To Hike Repo Rate By 0.40% Next Week: Report
RBI is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said
-
Jio, Airtel Ready to Buy Pan-India 5G Spectrum, VIL Uncertain: Report
Reliance Jio and Bharti Airtel are in a position to buy pan-India 5G spectrum but uncertainty remains around Vodafone Idea's bids for the radiowaves, according to a BofA Securities report released on Monday.
-
RBI May Leave All Rates Unchanged In April Policy: Brokerage BofA Securities
Despite spiralling inflation, the Reserve Bank is likely to hold all key rates and retain the accommodative stance at the forthcoming policy review later this week, a Wall Street brokerage has said.
-
Cryptocurrency Has Become 'Too Large to Ignore', Says New Research Report by Bank of America
Titled Digital Assets Primer: Only the First Inning, the report shows a detailed analysis of the current budding stage of the blockchain technology, while acknowledging the growth of the crypto sector.
-
Airtel Africa Appoints Eight Global Banks For Initial Public Offering
The company has appointed JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd.
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Buffett's Berkshire On Verge Of Becoming BofA's Top Shareholder
Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third quarter.
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Banks Advising Vodafone India Merger Could Earn $40 Million. Cue, A Fight
Britain's Vodafone Group said last month it was in talks to merge its Indian subsidiary with Idea Cellular in an all-share deal.
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Banks Fight For $40 Million Fee Pot In Advising On Vodafone Merger: Report
Britain's Vodafone Group said last month it was in talks to merge its Indian subsidiary with Idea Cellular in an all-share deal.
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Bank Of America Merrill Lynch Lowers GDP Forecast to 7.4% For FY17
The global financial services major has lowered its GDP number by 30 bps to 7.6 per cent for the next fiscal (2017-18).
