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Bofa Securities offloads shares of 6 cos, including Infosys, for Rs 377 cr

Bofa Securities on Wednesday offloaded shares of six companies, including HDFC Bank and Infosys, for Rs 377 crore through open market transactions. Bofa Securities through its affiliate Bofa Securities Europe SA sold the shares of these companies through six separate block deals on the BSE. As per the block deal data available with the BSE, Bofa Securities Europe SA offloaded 7.21 lakh shares of Jio Financial Services, disposed of 7.22 lakh shares of Infosys and sold 7.72 lakh shares of private sector lender HDFC Bank. Bofa Securities Europe SA also disposed of shares in TVS Motor Company, Dabur India, and Page Industries. The shares were sold in the price range of Rs 36,398-238.75 apiece. The combined deal size stood at Rs 377.29 crore. Meanwhile, Hong Kong-based Kadensa Capital through its affiliate Kadensa Master Fund acquired the shares of these six companies. On Wednesday, shares of HDFC Bank gained 1.98 per cent to settle at Rs 1,455.85 apiece on the BSE. The scrip of Info

Investors kick off 2024 with $123 billion record cash shift, says BofA

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India's relative position at its strongest in many years: Raj Balakrishnan

The deal pipeline across products is robust for 2024. Banks are actively working on several IPOs, with plans to file them in the next three months, says Balakrishnan

Investors pour $40 bn into stocks in two weeks as markets surge: BofA

Global stocks have surged since the end of October as data has shown U.S. inflation is cooling faster than expected

Japan, India most favoured markets in Asia Pacific region: BofA survey

Investors optimistic on lower rates, weaker dollar, finds BofA survey

Investors on track to pour $1.3 trn into cash funds in 2023, says BofA

BofA said its Bull & Bear indicator of investor sentiment was at 1.4, the lowest since November 2022

BofA profit up on higher interest income, surprise investment banking gain

The second-largest U.S. bank on Tuesday posted net income of $7.27 billion, or 91 cents per share, in the three months ended Sept. 30. It rose from $6.58 billion, or 81 cents per share, a year earlier

Bofa Securities, Societe Generale offload Delta Corp shares worth Rs 56 cr

Two entities -- Bofa Securities Europe and Societe Generale -- on Monday offloaded shares of Delta Corp Ltd for Rs 56 crore through open market transactions. Following the sale, shares of Delta Corp tumbled 8.18 per cent to close at Rs 128.55 apiece on the NSE. According to the bulk deal data available with the National Stock Exchange (NSE), Bofa Securities Europe SA sold 30.08 lakh shares and Societe Generale disposed of 13.58 lakh shares of Delta Corp Ltd. The shares were offloaded in the price range of Rs 127.97-128.48 apiece, taking the combined transaction value to Rs 55.94 crore. Meanwhile, Delta Corp said on Saturday its subsidiary, Deltatech Gaming Ltd, received a Goods and Services Tax (GST) notice for payment of Rs 6,384 crore, owing to tax shortfall taking the overall tax demand on the firm to over Rs 23,000 crore.

Bajaj Finance in talks with 4 investment banks to raise $800 mn-$1 bn

The final decision for the fundraising is likely to be taken in the upcoming board meeting on October 5

BofA expects to ECB hike all three policy rates by 25 bps next week

The brokerage expects "very little" forward outlook for the following meetings but said the bias would be towards pausing and not cutting rates

$5 bn sustainability loans can be linked with target: BofA's Subramaniam

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Investors pour most money into Japan stocks since 2020, says BofA

Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped the Nikkei share benchmark to scale three-decade peaks earlier this month

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Zee-Sony merger is at risk after Sebi order, says BofA Securities

The US-based brokerage doesn't have any price target, given the uncertainty surrounding the merger and pressure on revenue growth due to slower ad spending

BofA expects Fed to deliver 2 more hikes, JPM adds July hike expectation

BofA Global Research now expects two more quarter percentage point interest rate hikes from the U.S. Federal Reserve this year

Shares of Paytm rally 6.2% following an upgrade by BofA Securities

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The brokerage says that with markets currently near their peaks, it "leaves room for correction with the onset of a recession in the US".

Time to book profit now; buy when Nifty hits 16,000: BofA Securities

The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.

Investors put $538 billion into cash funds over eight week: BofA

BofA, citing EPFR data, said investors put $51.6 billion into money market funds in the week to Wednesday as the outsized flows continued