scorecardresearch5 reasons why BofA Securities cut Nifty target to 14,500; Prefers a defensive strategy

5 reasons why BofA Securities cut Nifty target to 14,500; Prefers a defensive strategy

Updated: 27 Jun 2022, 12:54 PM IST
TL;DR.
Amid the current environment, BofA maintains a defensive strategy skew, and further raised its overweight stance on Staples, Healthcare and Utilities. It also moved Energy to overweight (from underweight) on sustaining higher energy prices.
Amid the current environment, BofA maintains a defensive strategy skew, and further raised its overweight stance on Staples, Healthcare and Utilities. It also moved Energy to overweight (from underweight) on sustaining higher energy prices.

Amid the current environment, BofA maintains a defensive strategy skew, and further raised its overweight stance on Staples, Healthcare and Utilities. It also moved Energy to overweight (from underweight) on sustaining higher energy prices.