Indian Equity Market Financial Services and Tips

Bank of America Merrill Lynch says BSE index to touch 54,000 by end-2018 but will be rangebound-to-negative over next few months.Highlights consensus overweight and lack of on-ground change since formation of new government as key near-term risks.

Stock rally on positive events such as budget and RBI's rate cut have been sold into.BSE index fell 2.1 pct from record high of 30,024.74 on March 4 despite RBI's surprise rate cut.

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