BofA upgrades earnings estimates for Nifty companies, shifts preference among financials to mid-sized lenders and NBFCs

Bank of America raised its FY27 earnings estimates for Nifty companies after strong June quarter results. The firm now prefers mid-sized private banks and NBFCs over large lenders. It also moved autos and cement to overweight. These changes show that growth trends remain firm despite many macro headwinds in India.