Economic TimesLean R·
BofA turns bullish on Nifty, forecasts 12% upside by December
Mumbai: BofA Securities has turned constructive on the Nifty after nearly two years of caution, projecting the index to reach 26,200 by December 2026. This implies an upside of about 12% from current levels. The brokerage, which has maintained a cautious stance since August 2024, said five of the eight risks it had previously flagged have either materialised or are now reflected in valuations.BofA said the two key near-term risks facing the market are potential US Federal Reserve rate hikes and…
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