Bofa-merrill Lynch

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  No Big Slowdown In Markets After Brexit Vote, Say Bank Chiefs

  There has been no fundamental slowdown in markets so far because of Britain's decision to leave the European Union, top officials from the financial services sector said on Wednesday.

• Indian Shares Headed for Correction, but Outlook Strong: Bank of America

  BofA-Merrill said that the pace of reforms is "slower" than expected. But added it still expects India's earnings to double over the next 4-5 years.

• Budget Not Right Platform For Bold Reforms: BofA-Merrill Lynch

  Mr Jaitley speaking at an event in Delhi a few days ago had said that "there is hope that bold decisions will be taken now."

• Motherson surges 8% as BofA raises target price

  Motherson Sumi Systems Ltd rose to a record high of Rs 275.85 after Bank of America-Merrill Lynch raised its target price on the auto parts maker to Rs 311from Rs 248 while maintaining its "buy" rating.

• Financial Tech soars after BofA-Merrill unit buys stake

  Merrill Lynch Capital Markets Espana S.A. SVB bought 235,461 shares of the company at Rs 347.76 a share, in a transaction worth Rs 8.2 crore.

• India's FY14 GDP forecast cut to 5.5% by BofA-Merrill Lynch

  Bank of America-Merrill Lynch cut India's fiscal year 2013/14 growth forecast to 5.5 per cent of the gross domestic product from 5.8 per cent after the central bank took steps to curb rupee liquidity, it said in a note on Tuesday.

• BofA-Merrill Lynch initiates Titan Industries with 'buy'

  The investment bank cited Titan's dominant market share in jewellery and watches, the bottoming out of discretionary spending, and a potential increase in dividend payout.

• RBI may give maximum 5 new bank licences: analysts

  The Reserve Bank may not issue more than five new bank licences as the central bank wants to be very selective initially, analysts said.

• Low consumption, capex may affect recovery: BofA-ML

  Slowing consumption and lack of fresh capital investments may dash hopes of recovery in the Indian economy, a report by Bank of America Merrill Lynch said today.

• BofA-Merrill Lynch downgrades Dr Reddy's to 'neutral'

  Bank of America-Merrill Lynch downgraded its rating on Dr Reddy's Laboratories to neutral from buy, saying "a slight" increase in core profit estimates was being offset by a fading US drug pipeline and moderating growth.

• BofA-Merrill raises Indiabulls to 'buy'; stock gains

  Shares in Indiabulls Real Estate gained 2 per cent after Bank of America Merrill Lynch upgrades the stock to "buy" from "neutral" and raised its price objective to Rs 100 from Rs 69.

• BofA-Merrill retains 'neutral' on Infosys, target Rs 2450

  Leadership transition challenges and risks of employee retention are the major headwinds for Infosys.

• Worst not over for Indian rupee: BoA-Merrill

  Bank of America Merrill Lynch sticks to its USD/INR forecast of 57 for the end of September.

• Sensex up, private banks gain

  The BSE Sensex rose 0.4 per cent, while the 50-share Nifty advanced 0.3 per cent.

• Is the US tech bubble headed for bust?

  A BofA-Merrill Lynch survey says American investors have signaled a possible bursting of the IT bubble.