Is the Indian stock market set for more correction ahead?. Global brokerage firm Goldman Sachs believes that’s a possibility.
It has lowered its stance on the Indian stock market from ‘overweight’ to ‘neutral’, and has also revised the twelve-month target for Nifty to 27,000 from the earlier 27,500.
Goldman Sachs attributes the change in its take on India to slower economic growth and corporate profits.
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