Highlights

  • Goldman Sachs believes a possibility in the Indian stock market for more correction
  • Global brokerage firm attributes the change in its take on India to slower economic growth and corporate profits

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Goldman Sachs attributes the change in its take on India to slower economic growth and corporate profits

Goldman Sachs Lowers Nifty Target, Changes Stance On Indian Stock Market To ‘Neutral’

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.

Also Watch: No Shortage Of Oil In The World, Expect Prices To Come Down: Hardeep Singh Puri

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