Nifty could decline 9-10% as the markets may be getting excited too soon, said Amish Shah, MD and head of research at Bank of America Securities in an interview with Nishanth Vasudevan. Edited excerpts: What is your assessment of the recent stock market rebound? Indian markets have done well because of fewer options within emerging … Read more
BofA Securities expects shares of State Bank of India and Bank of Baroda to see a valuation re-rating, on account of continued improvements in their growth profile. These state-run banks could also benefit from the capex cycle, the brokerage said. The brokerage has a ‘buy’ rating on both and Bank of Baroda, with target prices … Read more
The Reserve Bank may return to a symmetric policy corridor by as early as March’22 by hiking reverse rate in two steps as inflation pressures rise. Assuming no further threat from new infections, the MPC may turn neutral in its stance in April’22 and raise repo rate in June, according to a report by Bank … Read more