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BofAML advises investors to stay away from equities in 2019

Global brokerage firm, Bank of America Merrill Lynch (BofAML), cautioned investors to stay away from equities in 2019 which may witness market volatility ahead of the general elections in the country. The foreign brokerage advised the investors to invest their money in bonds. The brokerage has set a Nifty target of 11300 by December 2019, implying limited upside from current levels. Sanjay Mookim, the India equity strategist at the brokerage said that there could be a further significant decline in the valuation of midcap stocks.

Read More at The Financial Express News date : 11 Jan 2019, Friday

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