scorecardresearchBofA cuts Nifty target to 16,000 for this year

BofA cuts Nifty target to 16,000 for this year

Updated: 18 May 2022, 09:12 AM IST
TL;DR.
In the negative case scenario, the brokerage warned of a massive 15 per cent correction and the index closing at 13,700 by December.
Foreign funds’ ownership in domestic equities fell to pre-COVID lows and hit a multi-year low of 19.5 per cent in March this year in NSE500 companies.

Foreign funds’ ownership in domestic equities fell to pre-COVID lows and hit a multi-year low of 19.5 per cent in March this year in NSE500 companies.