Bank of America Securities maintains a bullish long-term outlook on India but flags seven near-term risks that could cap market gains. These include weak earnings recovery, a fully priced-in U.S. trade deal, global trade slowdown, U.S. fiscal risks, rising populism, fatigued domestic flows, and elevated valuations deterring FIIs. The brokerage retains its Nifty target of 25,000.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets