BofAML Is Positive On Indian Equity Market Over 6 To 9 Months

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Indian equity markets Sectoral Performance-1st year of Modi Govt

Thanks to weak earnings, Indian equity markets will give a flat to slightly negative return near term, but over the next 6 to 9 months, BofAML analysts remain positive. Anand Kumar and team at Bank of America Merrill Lynch in their May 20, 2015 research report titled: “Year II: How to position” anticipate banks will be the key beneficiary of lending rate cuts. Indian earnings to improve late 2015 According to the BofAML analysts, though the 1-year old Modi government has undertaken a few reforms, market expectations had been high. They point out that contrary to common market expectations, in…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports