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Rising Commodity Prices A Risk For 46% Of Nifty Market Cap: BofA Securities
Besides commodities, BofA sees rising bond yields and potential localised lockdowns as risks for India markets.
24 Feb 2021, 08:45 AM IST
Rising commodity prices amid a growing investor appetite for everything from oil to corn pose a risk for India’s stock market.“Our bottom-up analysis suggests, 31 corporates, comprising 46% of the free-float weighted market cap within Nifty, are exposed to commodity risks. So far, companies haven’t seen the full impact as they had low-priced raw material inventories, but we see this as an imminent risk,” BofA Securities said in a rep...
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