Rising commodity prices may undermine bull market, says BofA’s Amish Shah

While the fiscal stimulus provided by the Union Budget has seen investors anticipate a blue-sky scenario for equities in the coming years, BofA Securities’ India equity strategist Amish Shah believes that surging global commodity prices are emerging as dark clouds on the horizon. “If they (commodity prices) continue to go up the way they are then either the companies will have to take a price hike in order to pass on the commodity pressures