Bofa Securities revises 2022-end Nifty target to 15,600 points, expects more corrections in markets
Updated: 12 Aug 2022, 08:35 AM IST
TL;DR.Bofa Sec said: We remain cautious on markets on the current volatile environment and looming global recession concerns as reflected by consensus downgrading Nifty FY23/24 earnings.
FILE PHOTO: A man speaks on his mobile phone past a new brand identity for Nifty Indices inside the National Stock Exchange (NSE) building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas