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BofA Securities is cautious on Indian markets as it trimmed its Nifty year-end target to 14,500 points amid persisting macro headwinds.The financial services firm said it maintains a “cautious stance with defensive sectoral skew” and revised its outlook downward from 16,000 earlier. In addition to globally tightening monetary conditions and a slowing economic outlook including fears of a recession in the U.S., it sees other risks:Lik…
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