BofA retains Nifty target of 26,200, expects earnings growth to accelerate

BofA Global Research maintained its year-end Nifty target of 26,200. The firm expects earnings growth to accelerate to 10% as market risks become more balanced. Amish Shah said, "We do think that the pace of outflows of FIIs is going to moderate." BofA now prefers a mix of value and growth.