New Delhi, June 5 -- India has been ranked as the most attractive market globally for stock compounders by Bank of America (BofA) Securities, driven by a blend of long-term structural growth themes. In a recent report, the brokerage outlined nine foundational drivers propelling India's equity story, while also maintaining a cautious stance on near-term market performance due to emerging macro risks and elevated valuations.

The brokerage maintained its year-end Nifty target at 25,000, citing limited upside after the recent rally. It also flagged seven emerging risks, including slowing global growth, volatile domestic flows, high valuations, and political populism ahead of state elections, which together prompt a cautious stance on large c...